Solving the Wrong Problem

September 13, 2019 The European Central Bank provided a surprise dose of monetary stimulus this past week.  Not only did it cut interest rates, it announced a new bond-buying program designed to get the economy going.   However, policy makers in Europe and the U.S....

Consumer Sentiment

September 13, 2019 The final estimate of consumer sentiment for September rose by a modest 2.2 points in September to 92.0 after having fallen 8.6 points in August .  Despite the drop the levels for consumer sentiment  in August and September are still quite lofty. ...

Retail Sales

September 13, 2019 Retail sales 0.4% in August.  But that follows gains of 0.4% in April, 0.5% in May, 0.4% in June, and 0.8% in July..    Any way you slice it, consumer spending remains solid.  During the past year retail sales have risen 4.0%, but in the past three...

Consumer Price Index

September 12, 2019 The CPI rose 0.1% in August after having risen 0.3% in July..  During the past year the CPI has risen 1.8%. Food prices were unchanged in August and rose 0.1% in both June and July.  Food prices have risen 1.7% in the past twelve months.  These...

Producer Price Index

September 11, 2019 The Producer Price Index for final demand – intermediate demand  includes producer prices for goods, as well as prices for construction, services, government purchases, and exports and covers over 75% of domestic production. Producer prices...