US PCE inflation drops to 2.5% as disinflationary trend continues
Inflation in the US cooled off further to 2.5% over the year to the end of June, according to the latest reading of US Bureau of Economic Analysis's PCE price index.
US GDP grows at 2.8% in Q2 as consumer spending remains strong
US GDP grew at a 2.8% annualized rate in Q2, supported by acceleration in consumer spending, increase in nonresidential fixed investment as well as an upturn in private inventory investment
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.
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%
Interviews
How to Reform the Federal Reserve System? | Q&A with Kocherlakota |
Welcome to the latest installment of our interview series “Where is the General Theory of the 21st Century?”
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Midas Paradox and the Great Depression | Q&A with Scott Sumner |
Welcome! This is the first installment of our interview series "Where is the General Theory of the 21st Century?"
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Welcome to the latest installment of our interview series “Where is the General Theory of the 21st Century?”
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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.