Surveys

Another Weak Regional Business Survey

Oct 27, 2022 1 min read Featured

With the exception of the 2.6% (saar) increase in Q3's real GDP, the other more forward-looking economic indicators released today were on the weak side. That might explain why the 2-year and 10-year Treasury yields eased a bit this morning. In the stock market, some of the mega money that is coming out of the MegaCap-8 today is going into the DJIA-30. The former continue to miss

Ed Yardeni

NY Fed Survey Shows Easing Pricing Pressures

Jul 19, 2022 1 min read

The NY Fed's July business survey showed significant declines in the prices-paid and prices-received diffusion indexes . Six-month-ahead expectations are down even more for both indexes (charts below). We will be closely examining the July business surveys conducted by four other Federal Reserve bank districts for confirmation that inflationary pressures are abating nationally. Philly will be released on Thursday. Dallas, Richmond, and KC will be out next week. We

Ed Yardeni

Is the Labor Shortage Depressing the Economy?

Jul 6, 2022 1 min read paid

Might this be the first economic downturn attributable to a labor shortage? That shortage is weighing on output. It is also driving up wages, but the resulting wage-price spiral is eroding consumers' purchasing power as prices are rising as fast as wages. The solution is productivity, but it remained very weak during H1-2022. Consider the following: (1) Today's JOLTS report showed 11.3 million job openings, or

Ed Yardeni

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Another Weak Regional Business Survey

NY Fed Survey Shows Easing Pricing Pressures

Is the Labor Shortage Depressing the Economy?