Friday’s jobs report may be a case where good news isn’t really good

An employee retrieves a panini sandwich from a grill at a restaurant in the Union Market district of Washington, DC, on Tuesday, August 30, 2022. Al Drago | Bloomberg | Getty Images Investors are closely monitoring the nonfarm payroll report due Friday, but not for the usual reasons. In normal times, strong job growth and … Read more

ADP jobs report September 2022:

The US job market showed strength in September, with private companies adding more jobs than expected, payroll services firm ADP reported Wednesday. Companies added 208,000 this month, better than the 200,000 Dow Jones estimate and higher than the upwardly revised 185,000 in August. Those gains came even as commodity-producing industries reported losses of 29,000 positions, … Read more

SHOCK August 2022:

The number of job openings fell by more than a million in August, a potentially early sign that the huge labor gap in the US is beginning to close. Available positions totaled 10.05 million for the month, down 10% from the 11.17 million reported in July, according to a Bureau of Labor Statistics publication Tuesday. … Read more

Inflation accelerated even more than expected in August

Inflation was stronger than expected in August, despite the Federal Reserve’s efforts to lower prices, according to data from Friday that the central bank is closely monitoring. The price index of personal consumption expenditure, excluding food and energy, rose by 0.6% in the month, after being flat in July. That was faster than the Dow … Read more

Fed Vice-President Brainard Warns Against Early Withdrawal From Inflation Battle

US Federal Reserve board member Lael Brainard speaks after being nominated by US President Joe Biden as vice chairman of the Federal Reserve, in the South Court Auditorium of the Eisenhower Executive Office Building in the White House in Washington, US, on 22 Nov 2021. Kevin Lamarque | Reuters Vice Chairman of the Federal Reserve, … Read more

El-Erian says the Fed made a ‘policy mistake of historic proportions’

Allianz economic adviser Mohamed El-Erian says investors are paying the price for the Federal Reserve’s policy mistakes. “This is a two-pronged policy mistake of historic proportions,” the former CEO of bond giant Pimco told CNBC’s “Squawk Box” in a Monday interview. “Part No. 1 was tempted by ‘transient’ and doing nothing,” he added, referring to … Read more

Retail in August 2022:

Retail sales were better than expected in August as price increases across many industries offset a significant drop in gas station receipts, the Census Bureau reported Thursday. Retail presale sales for the month were up 0.3% from July, outperforming the Dow Jones estimate without change. The total is not adjusted for inflation, which rose 0.1% … Read more

Inflation rose 0.1% in August, even as gas prices plummet

Inflation rose more than expected in August as rising housing and food costs offset a drop in gas prices, the Bureau of Labor Statistics reported Tuesday. The consumer price index, which tracks a wide variety of goods and services, rose 0.1% for the month and 8.3% over the past year. Excluding volatile food and energy … Read more

Fed Waller sees ‘significant’ rate hike this month and backs data-driven approach

Federal Reserve Governor Christopher Waller echoed his colleagues’ recent sentiments on Friday and said he expects a major rate hike later this month. He also said policymakers should stop trying to guess the future and instead stick to what the data says. “Looking ahead to our next meeting, I support another significant hike in key … Read more

Fed Vice President Brainard pledges ‘we’ll be in this as long as it takes’ to stop inflation

Federal Reserve Vice-Chairman Lael Brainard vowed Wednesday to fight inflation, which she says is hurting lower-income Americans the most. That means more rate hikes and higher interest rates for longer, she said in comments prepared for a speech in New York. “We’ll be in this for as long as it takes to curb inflation,” the … Read more