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Yearly Archives: 2024
US gains 272,000 jobs in May, blows past expectations
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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.
Bank of Canada cuts rate by 0.25 ppts to 4.75%
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The Bank of Canada lowered its target for overnight rate by 0.25 ppts to 4.75%, making it one of the advanced economy central banks to cut rates before Federal Reserve does.
US PCE inflation holds at 2.7% in April as market expected
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US PCE inflation held at 2.7% YoY in April 2024 while core inflation maintained its pace at 2.8% for the third months,
How to make US inflation chart by pulling data from BLS API with Python
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An important question is how do we get the series IDs for the data you need. The short answer is through BLS's Data Finder
US core CPI rises 3.6% as expected
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US CPI rose 3.35% in the year to April, as expected by analysts. Meanwhile, core CPI, which strips out prices of food and energy, increased 3.61%, also as market expected.
US April Jobs Report – Unemployment rate rises back to 3.9% as Nonfarm Payroll increase lower than expected
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Nonfarm payroll increased 175,000 in April, a significant reduction from 315,000 in March and fell short of the market expectation of 243,000. Meanwhile, US unemployment rebounded to 3.9%
US labor market cools down further with job openings, hires, quits all drop in March
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The March US job opening and labor turnover (JOLT) report shows that job opening rate, hire rate and quit rate all dropped marginally in March, showing further cool down in the US labor market.
Bank of England will likely retire Fan chart, Andrew Bailey says
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Bank of England's Fan charts would probably be replaced by "alternative scenario" projections, which illustrate how policy might react under different economic developments.
UK inflation cools to 3.4% amid service inflation slowdown
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Core inflation also slowed to 4.5%, compared to a year earlier.
Canada inflation slows further to 2.8%; rent continues to rise
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Canada's CPI rose 2.78% in February, a further slowdown from the 2.86% increase in the January
Global Economy
Interviews
How the Game of Bank Bargains Created the Financial Crisis? | Q&A with Calomiris...
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Welcome to the latest installment of our interview series “Where is the General Theory of the 21st Century?”“Where is the General Theory of the...
How to Maintain Prosperity for All | Interview with Roger Farmer
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Roger Farmer explains : Why central banks should consider stock market intervention in stabilizing the employment markets?
Interview with Paul Romer on large scale Covid testing – Transcript
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Edited transcript of our interview with Paul Romer, on why the US urgently to scale up testing for Covid-19 and why he thinks the covid-crisis amounts an intellectual failure
Midas Paradox and the Great Depression | Q&A with Scott Sumner |
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Welcome! This is the first installment of our interview series "Where is the General Theory of the 21st Century?""Where is the General Theory of...