Nonfarm Productivity

December 10, 2019 Non-farm productivity edged lower in the third quarter by 0.2% which compares to a preliminary reading of a decline of   0.3%.  This small drop follows solid gains of 2.5% in the second quarter and 3.5% in the first quarter.   During the course of...

Rising to Potential

August 10, 2018 There seems to be an emerging consensus that the combination of tax cuts passed last year, and Trump’s deregulation initiative might boost investment spending and GDP growth for an extended period. That has been our position since the tax cuts were...