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Economic Commentary – September 8, 2025

The data being released in the next few days should cause a certain amount of acid reflux, both in global financial markets and in Washington, D.C. One statistic that seldom

Economic Commentary – September 2, 2025

Lost in the sigh of relief that the inflation numbers (Personal Consumption Expenditures Index, or “PCE”) last Friday weren’t all that bad was the fact that inflation has conclusively ceased

Economic Commentary – August 25, 2025

The White House’s intense focus on the monthly labor market revisions by the Bureau of Labor Statistics (BLS) has muddied the debate over the true health of US employment and

Economic Commentary – August 18, 2025

An invite to the annual Federal Reserve Jackson Hole Symposium — officially, “The Federal Reserve Bank of Kansas City’s Economic Policy Symposium in Jackson Hole, Wyoming”— has been highly prized almost from

Economic Commentary – August 11, 2025

Inflation returns to center stage this week with the release of the July Consumer Price Index (CPI) and Producer Price Index (PPI). These numbers have significance for all the usual

Economic Commentary – August 4, 2025

The flood of economic data last week measured up to all expectations — and probably exceeded more than a few. Collectively, the data painted a picture that most people had

Economic Commentary – July 28, 2025

Occasionally, the amount of economic data made available in a short time can seem overwhelming. Such is the case this week, where the “main event” is the Federal Open Market Committee

Economic Commentary – July 21, 2025

The US economy continues to feel as if some corner has been turned, which is a pretty nifty trick to pull off without an appreciable slowing of economic growth.  The

Economic Commentary – July 14, 2025

July doesn’t feel much like the summer doldrums yet. Tariff threats are flying, bilateral deals are being hammered out (we hope, albeit with minimal details), and economist Kevin Hassett is

Economic Commentary – July 7, 2025

And just like that, it’s back to tariff turmoil. It would seem, however, that the shock of (saber-rattling?) threats to impose massive tariff increases by either July 9 — the