Head of Economics and Forecasting at American Electric Power. Previous prof to some pretty awesome young folks @VU_Business. @NMStateFootball alum. Go Aggies!
The Fed holds rates steady.
The median of the rate cut forecasts are unchanged from December (still at a two cut median).
The Fed slows Treasury runoff (QT) to $5 billion per month.
Chris Waller dissents on the QT decision.
#JobsReport still showing very mixed economic picture.
Headline numbers look great, especially given wildfires and storms.
But…more than half of the job growth is still concentrated in healthcare and government.
Industrials are under a lot of pressure.
The Fed held rates steady as widely expected.
The FOMC statement contains only minor changes that mark to market recent economic developments:
"Labor market conditions remain solid"
"Inflation remains somewhat elevated."
Fed governor Chris Waller said he wanted to see inflation reports where you don't have to look at the second decimal place to find the good news.
This is one of those. The bond market agrees, with the 10-year yield down 11 bps.
✨ ✨ See the #NMSU campus as you’ve never seen it before for the 38th annual Noche de Luminarias! Kick off the holidays with a stroll through campus and thousands of sparkling luminarias. Bring the whole family on Sunday, Dec. 3, 2023, from 5 – 8 p.m.!
https://t.co/ro8Q23gmC4
Hi folks, after 13 amazing years at Moody's, God has blessed us with a new challenge.
I'm excited to take on the role of Managing Director and Chief Economist at American Electric Power @AEPnews. They have an incredible team in place, and I can't wait to get to work!
Hi folks, after 13 amazing years at Moody's, God has blessed us with a new challenge.
I'm excited to take on the role of Managing Director and Chief Economist at American Electric Power @AEPnews. They have an incredible team in place, and I can't wait to get to work!
Are we in a recession? @DanWhiteEcon of @MoodysAnalytics says: Not yet.
Check out our blog for more insights from #NASHPCONF22 on the state of the economy and what it means for the health care workforce: https://t.co/hdt20EniSz
Men between 35-44 (elder millennials, younger gen x) just aren't staging the employment rebound we're seeing in other demographics.
Why? @lydiadepillis@bencasselman and I dug into it.
https://t.co/9w4TAR6dXZ
Wondering what the midterms mean for the economics of it all? Tune in this Friday as we break down the economic implications of a new Congress.
@MiddleWayEcon@DanWhiteEcon
https://t.co/1cvPPxDEtN
OUT NOW: Want a clear picture of how states and localities are faring post-pandemic?
#InsideEconomics invites @WGlasgall and colleague @DanWhiteEcon on today’s bonus episode to discuss: https://t.co/P3z4VLkkia
Really good summary of why deficits are starting to matter again in this morning's @WSJ
Will be required reading for my public sector econ class next week @greg_ip!
A more dangerous world for deficits: until 2019 fiscal expansion helped central bankers get inflation up to target & interest rates above zero. That world is over: fiscal and monetary policy are making each other's lives harder. My column today explores. https://t.co/AzBklohNlI