The Biden administration hung its hat on supposedly blockbuster monthly job gains. But data show those numbers overestimated job growth by almost 800,000 in 2023. About 1 in 4 jobs that were supposedly added last […]
ENB Pub Note: It is very sad when the IMF gives this kind of elementary advice to the United States. It means things must be REALLY bad. The International Monetary Fund (IMF) has criticized Washington […]
The UK may see rising energy bills and inflation this winter due to a possible dash for gas, according to LCP Delta’s Power Insights analysis. Sam Hollister, Head of Economics, Policy and Investment at LCP […]
By Wolf Richter for WOLF STREET. Look, today’s jobs report shows why we don’t get too excited about the month-to-month squiggles in the jobs data (blue lines in the charts below). The labor market doesn’t turn around from […]
It is being called a “greenlash”. Resistance to green policies has broken out across Europe. It was all so different in the last European elections five years ago, when young voters especially demanded action against […]
By Wolf Richter for WOLF STREET. Tax receipts by the federal government in 2024 are shaping up to be pretty good. In 2023, Q1 and Q2 tax receipts were crappy because capital gains taxes had plunged because 2022 […]
Greeks are going to the ballots for the EU elections fuming over skyrocketing prices, especially of food and fuel, which have sparked an intense political debate among parties over how to stem the seemingly […]
Oil prices increased over 1% on Monday due to speculation about rate cuts. The European Central Bank’s potential rate cut in June contributed to the optimism in the markets. Inflation in the euro zone has […]
When JPMorgan Chase’s Chief Executive Jamie Dimon talks, financial markets listen. He helms the world’s largest U.S. and fifth-biggest bank, with $4.1 trillion of assets. Dimon, 68, has made his name steering several banks through tough times […]
Services knocked it out of the ballpark. Not helpful for the Fed-favored core PCE price index later in May, which includes some of those services. By Wolf Richter for WOLF STREET. The Producer Price Index, which is always […]
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