Recap
One year ago, Employ America announced an expanded mission and reorganized policy agenda – a rebrand built around a hardheaded assessment of what it takes to achieve and sustain full employment in a turbulent world. Navigating an era defined by geopolitical shocks, commodity volatility, supply fragility, and policy implementation failings requires
Summary & Discussion Core and Supercore PCE delivered a major downside surprise in the final PCE release for April, but. more than half of the downside surprise was offset by upside revisions to Q1 inflation. The net result was just a 3bp decline in Core PCE year-over-year readings
This monitor tracks US growth data in real-time, aligned to the timing of each release. It is a more timely & meaningful gauge of activity growth than GDP or other summary indicators. Please see here for more details. Summary: The data trends of the past two weeks continues to
Summary & Discussion After Kevin Warsh's professed interest in Trimmed Mean PCE at his confirmation hearing, we published updated nowcasts for all PCE inflation gauges, including Trimmed Mean and Median inflation, as well as updated estimates for Headline, Core, and Supercore PCE. Compared to those nowcasts, we didn&