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US Economics Update Labour shortages pushing wage growth higher The ongoing surge in both job openings and quits in June suggests that labour shortages are still getting worse. While the acceleration in payroll gains in recent months suggests that is not proving... 9th August 2021 · 3 mins read
US Economics Weekly Infrastructure deal heads to crucial vote While many Republicans will balk at the cost of the bipartisan infrastructure package, which the CBO said would add $256bn (1.1% of GDP) to the deficit over the next decade, that is unlikely to derail... 6th August 2021 · 6 mins read
US Economics How could Biden reshape the Fed? Whether President Joe Biden chooses to reappoint Jerome Powell or to nominate Lael Brainard to be the next Fed Chair, it is unlikely in itself to have much impact on the near-term outlook for monetary... 5th August 2021 · 6 mins read
US Economics Update Monetary Indicators Monitor (Jun.) Although the headline data show bank loans stagnant, that is mostly due to the forgiveness of Paycheck Protection Program loans and mortgage securitisations, with the broader evidence pointing to an... 5th August 2021 · 3 mins read