A dramatic event is not necessary for such a change, although that does happen. Even then, there may be a period of reevaluation before minds accept that long-held premises were wrong. Such might be true of Cyprus. “Of” Cyprus, since the assumptions were as true in North Carolina as ...
Work and budget development and cost breakdown charts can help develop efficient construction cost control strategies to ensure the project remains profitable and on schedule. On the other hand, progress metrics like the SPI and the CPI can help assessconstruction productivityissues that can lead to ...
Current data supports the case for rate cuts. In June, both headline CPI ex-shelter and core CPI ex-shelter were 1.8% year-over-year, below the Fed’s 2% target and down considerably from their respective peaks of 10.8% and 7.7% in 2022. In terms of shelter, we’ve tracked the easin...
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U.S. Bureau of Labor Statistics. "Consumer Price Index Summary." Accessed October 24, 2024. U.S. Bureau of Labor Statistics. "Table 2. Consumer Price Index for All Urban Consumers (CPI-U): U.S. City Average, by Detailed Expenditure Category, July 2022." Accessed October 24, 2024. ...
We noticed something weird - the TCP sockets which we thought should have been closed - were lingering around. We realized we don't really understand when TCP sockets are supposed to time out!
Resilient economic data and payrolls combined with slowing wage growth and PCE/CPI is kind of the perfect recipe. You can lower inflation without hitting real activity in the classical model portion of the supply curve. Is your view that NGDP level needs to go back down to previous trend? Or...
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The Federal Reserve simply does not understand the risks of asset price bubbles and asset price collapses. It is clear from the data that they don’t get it. Greenspan could never make up his mind whether the market was overpriced – irrational expectations – or whether it was fine. Yellen...
In the spirit of public service journalism, we’ve translated the 24 page annex into one stunning interactive dataviz. Click on (or search for) a country’s central bank to see an outline of its institutional arrangements. A lot of countries seem to countenance recapitalisation even if they ...