Data

Summary: Consumer sentiment, jobless claims, and rig counts were the main sources of economic data this week and all came in soft. While some of the softness was likely noise (fraudulent unemployment insurance applications) and some of it predictable (lower oil prices leads to lower rig counts), the leg down

Core-Cast is our nowcasting model to track the Fed's preferred inflation gauges before and through their release date. The heatmaps below give a comprehensive view of how inflation components and themes are performing relative to what transpires when inflation is running at 2%. Most of the Personal Consumption

Core-Cast is our nowcasting model to track the Fed's preferred inflation gauges before and through their release date. The heatmaps below give a comprehensive view of how inflation components and themes are performing relative to what transpires when inflation is running at 2%. Most of the Personal Consumption