Author: Mish

The gap between PCE and Real PCE keeps growing as a direct result of inflation.

Consumer spending rose in May and June but is well below pre-Covid levels.

Both initial and continued unemployment claims rose this week. Continued claims rose for the first time since May.

Today’s numbers highlight many of issues surrounding GDP reporting and estimates.

The US economy put it its worst performance in history. Records date to 1947.

Over 62 million not-retired people reported having no pay last week.

Republican are in no hurry to reach a deal.

The Fed issued a set of meaningless statements following its FOMC Meeting Today.

China has missed the mark across the board.