#RealWageGrowth 🇺🇸

Just In: US Median Household Income rose to $80,610 in 2023 (that's in inflation-adjusted dollars), Census data shows. In other words, the typical American household finally earned as much in 2023 as they did in 2019. This is yet another sign of the strong job and wage

New via ⁦Fox News⁩ >>> “The Treasury Department is expected to announce sanctions Tuesday against individuals and entities linked to a violent Mexico-based drug trafficking cartel responsible for a significant portion of fentanyl … into the U.S.” foxnews.com/politics/us-sa…

Prices down 📉 Incomes up 📈

US manufacturing construction: 🇺🇸

Lowest annual headline inflation rate since Feb 2021 #CPI

JUST IN: More good news on inflation. The US inflation rate cooled to 2.5% (y/y) in August, the lowest since February 2021. This gives the Fed and everyone else more confidence the inflation battle has been won. Lower gas prices, lower electricity costs and lower used car prices

Past 72 hours: 1. biggest ever one-month drop in online grocery prices 2. biggest ever one-week drop in shipping container rates 3. McDonald's extends $5 value meal 4. Disney cut ad-tier streaming price 5. Gasoline futures imply an imminent sub-$3 national average

Nice one-two punch today. 🇺🇸 $SPX

Good review of this week in the U.S. economy ⬇️⬇️⬇️

💪🇺🇸🛬

Empire’s first positive read since November. 🇺🇸 ⁦CNBC⁩

More good news for the economy today. There's still a lot of momentum in the economy -- and a lot of potential for the "soft landing." 1) US industrial production +0.8% in August --> beating all expectations 2) US retail sales better than expected in August --> +0.1% after a

GOLDMAN: “.. We boosted our Q3 GDP tracking estimate by 0.2pp to +3.0%” 🇺🇸

🏠🏠🏠🏠🏠🏠

Yellen, at Atlantic Festival, says Fed rate cut is "a very positive sign" for where the economy is and says risks of inflation have "meaningfully diminished."

On stage with The Atlantic's Ronald Brownstein, Treasury Secretary (and former Fed Chair) Janet Yellen says the Fed's 50 basis point cut this week is "a very positive sign for where the U.S. economy is. It reflects confidence on the part of the Fed that inflation has come way down."

Yellen says that fully extending Trump tax cuts would cost $5 trillion and warns "I really believe that's something the United States can't afford. We need to be on a sustainable fiscal path."

“I know Taylor Swift has been in the news a lot lately, so let me ask you: Are we ‘out of the woods'?” Ronald Brownstein asks Secretary Janet Yellen. Yellen tells him a “soft landing” is “exactly what we're seeing in the economy.” #TAF24 bit.ly/4d5u2uV

Happy Friday 🤗