Category Archives: Federal Reserve

Recent Trends in the Economy and Financial Markets

Stocks logged another month of gains in August, but once again September, it has started off with a sharp sell-off. 

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Nice Speech, Mr. Powell, But Please Pay Attention to Housing

The stock market fell 3.3% on Friday, following Fed Chairman Jay Powell’s speech on monetary policy at the Jackson Hole Fed meeting.  Mr. Powell affirmed the Federal Reserve’s commitment to bring inflation down, which will probably take some time and … Continue reading

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The Employment Situation and Outlook – December 2020

Yesterday, the Bureau of Labor Statistics estimated that nonfarm payroll employment declined by 140,000 in December.  The estimate for November was increased by 135,000.  The level of employment for December was therefore virtually unchanged from the November report.

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