Weekly Jobless Claims Remain Eerily Low
The U.S. Department of Labor released another round of weekly jobless claims, and again it's rather low.
Economy
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Are Opioids Robbing the Workplace of Key Employees?
Among the observations in the 557-page Economic Report of the President and Council of Economic Advisors is the extent to which the opioid crisis has damaged the efficiency of the U.S. labor economy.
FOMC Minutes Signal Fed Not Overly Worried About Inflation and Wage Pressures
If you thought that one Federal Reserve FOMC meeting had a lot of details, there are always the expanded FOMC meeting minutes which give investors another look into how to interpret what the Fed…
February Flash PMI Readings Indicate Further Price Hikes and Wage Pressures
When IHS Markit has released its February "Flash PMI" report, both the manufacturing and services readings came in rather strong.
Consumer Sentiment Ignores Equity Markets, Soars on Tax Cuts
Consumer sentiment reached its second-highest level in 14 years this month according to the University of Michigan's consumer sentiment index.
Mixed Manufacturing Reports From New York and Philly Fed Reports, but Both Talk Up Inflation
Two key manufacturing reports have been released, from the Philadelphia Federal Reserve and from the New York Federal Reserve.
Even Higher Producer Prices vs Consumer Prices Not Spooking the Markets
Thursday's report on producer prices was actually hotter than the consumer report when it comes to inflationary pressures.
Most Americans ‘Happy’ With US Tax Law Changes
Americans' paychecks reflecting the impact of the new tax laws have started being distributed and most Americans say they are happy with the change and more than half say their view of the president…
IRS Warns US Taxpayers of New Scam
The IRS warned U.S taxpayers of two new tax refund scams that could cheat them out of their refund payments.
Are Weaker Retail Sales and Higher Consumer Inflation Really Adding Up to Stagflation?
What happens when you have rising prices but weaker-than-expected retail sales? This is where more of the stagflation argument comes into play.
Consumer Price Index Reaction Proves Markets Are Still Inefficient
Yesterday we had warned that the financial markets were bracing for the inflation card when the latest Consumer Price Index was released. That has now come to pass.
Markets Brace for Inflation Wild Card From Wednesday’s Consumer Price Index Report
On Wednesday, the markets will get a look at January's Consumer Price Index, which is the direct measure of consumer inflation. The inflation reading likely will be hotter than normal.
What Americans Are Willing to Go Into Credit Card Debt For
While Americans use a lot of credit card debt, the vast majority end up regretting it. There are a few exceptional events that appear to warrant spending money we don't have.
January Small Business Optimism Rises, Wages to Rise
The National Federation of Independent Business reported a month-over-month increase of two points in its January optimism index.
The Week of Economic Reports, the Stock Market Tank and Inflation Fears in the Coming Week
24/7 Wall St. wanted to provide a brief outlook of this last week's economic reports and some foreshadowing for the week ahead.