This chart shows the 3-month moving average of the year-over-year change in median wages from 2010 to the present using data from the Atlanta Fed. Coming out of the Financial Crisis, wage growth was 1.6% in January 2010. It gradually rose, with some choppiness along the way, occup...
Or else. This is what FedNow is all about. Not immediately, of course. But piece-by-piece. Just as the income tax was only paid – at first – by the “rich.” Who of course didn’t pay it, being rich enough to pay politicians to enact exemptions and “write-offs” so as to a...
Chart 1: UST yields on 5 Nov, 6 Nov, and 8 Nov A resounding Trump victory President-elect Donald Trump is poised to re-enter the White House again after securing 312 electoral votes to Harris’s 226 while winning the popular vote - something he faile...
In the middle of May 2023, shortly after the regional banking crisis flared, investors had high confidence the Fed wouldn't hike rates in coming months and perhaps might even lower rates by the end of the year. The funds target at that time was 5% to 5.25%. Based on the FedWatch Tool,...
The line chart compares the evolution of central bank policy rates in the U.S., Canada, the United Kingdom, and Brazil from September 2020 through September 19, 2024. The Bank of Brazil was both the first to begin raising rates and the first to begin cutting rates. While other central ...
Chart at a Glance: Implied U.S. Federal Reserve Rate Cuts – EMs Are Watching Source: Bloomberg LP. Originally published 2 February 2023. For more news, information, and analysis, visit the Beyond Basic Beta Channel. PMI – Purchasing Managers’ Index: economic indicators derived from monthl...
On the downside, monitor a long-termuptrend linethat stretches back to September 2022 as a possible area of support, currently around $193. If the price rallies above the 200-day moving average, keep an eye on the Augustswing higharound $240 — a region on the chart that may provide ove...
Trump's agenda of lower corporate tax rates, deregulation and policies that favor domestic growth are believed to boost the U.S. economy and benefit risk assets. The large-cap benchmark is up 24.3% this year. — Yun Li Thu, Nov 7 20248:39 AM EST ...
occurred on the dxy chart last week and typically signals further sharp losses ahead. and yet sharp currency moves often sow at least some of the seeds of their own recovery. last week gave one glimpse as to how. annual u.s. import price inflation unexpectedly accelerated again last month ...
The column chart compares the overnight U.S. interest rates at several points in the next six months as implied by interest rate futures prices on July 1 and July 23, 2024. The estimates (July 1 vs July 23) are: July 31, 5.31% vs 5.32%; September 18, 5.16% vs 5....