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Cloud Y

Cloud Y
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The independent journalist who set up this website after realizing he is not smart enough to become a real economist.

UK retail sales drops 1.2% in June due to poor weather, election uncertainty

Monthly growth rate of UK retail sales volume fell 1.2% in June, after a 2.9% increase in the previous month.

Canada inflation drops back to 2.7% in June

Annual inflation rate in Canada eased back to less than 2.7% in June after a upshot in the previous month, according to Statistics Canada's CPI report.

US nonfarm payroll beats expectations in June amid signs of cooling off

US nonfarm payroll increased by 206,000 in June, beating market expectation of 190,000, amid signs that job growth in cooling off as the the Bureau of Labor Statistics revised down the May and April by a combined 111,000 in its report released Friday.

US Job openings increases to 8.1 million in May, JOLT report shows

Job openings increased to 8.14 million in May while the number of hirings in the month was 5.78 million

US PCE price index shows zero monthly inflation in May

US PCE price index showed 0% monthly inflation in May, bolstering market narrative that consumption sentiment has weakened in Q2 and helped easing inflationary pressure in the US economy.

US large banks pass Fed’s stress test with credit card, commercial loans projected to...

The Federal Reserve revealed US large banks passed the 2024 banking system stress test.

Canada inflation rebounds to 2.9% in May

CPI inflation in Canada rebounded to 2.9% YoY and 0.31% MoM in May 2024

BoE holds rate at 5.25% with ‘some’ officials signal eagerness to cut

Bank of England held its policy interest rate at 5.25% with a 7-2 vote amongst officials at its Monetary Policy Committee.

US CPI shows zero inflation in May

US CPI grew 0% in May as the yearly growth rate dropped to 3.27%; core inflation, which stripped out food and energy prices, rose 0.2% and the yearly rate decreased to 3.42%

US gains 272,000 jobs in May, blows past expectations

US gained 272,000 nonfarm employment in May blew past market expectations of an 185,000 increase. Meanwhile, unemployment rate rose to 4%, which is the highest level since November 2021.

Global Economy

Interviews

Blanchard Cover Photo

The model you should use to explain Macroeconomics to your Mum | Q&A with...

>Professor Olivier Blanchard further explained the role empirical research on DSGE models, how to teach undergraduates macro after the Great Recession, and his research on hysteresis.

A Macroeconomic Earthquake | Q&A with Larry Christiano

In this interview, Prof Christiano shared his view on the development of post-2008 academic macroeconomics. We’ve asked Prof Christiano does he agree that modern macroeconomic models are too complicated for the general public, or even policymakers and if he agrees that economic models should be “simpler”. Does he think the recent revival of ISLM model a “good trend”? Should Macroeconomists hang on their faith in DSGE models? Should they explore alternative paths?

Why the Fed should Keep a Sizeable Balance Sheet? | Q&A with Jeremy...

Jeremy Stein, former Federal Reserve governor, talks to us about his recent research “The Federal Reserve's Balance Sheet as a Financial-Stability Tool” and why the Fed should maintain a sizeable balance sheet.

DSGE model and the State of Macroeconomics | Q&A with Olivier Blanchard |

In this interview, Blanchard discussed his view on the role of DSGE model in modern Macroeconomics and policymaking. He also explained his decision to rewrite his macroeconomics textbooks after the Great Recession. His recent research on hysteresis was also discussed.