🔥The 9th Round of Easy Loan, Earn $40 Reward is in progress❗️ ⏰ Promotion Period: January 15th - Feburary 15th, 2025 👉 Register now and check more details at gate.io/campaigns/358

Are markets right to think that the Fed will cut by a super-sized half point (50 bps) in September, given today's jobs report? I asked Richmond Fed's Thomas Barkin, and he threw some cold water on the idea. nytimes.com/live/2024/08/0…

More Fed reaction to the dicey jobs report. “It’s one month’s number, it’s a negative number,” Austan Goolsbee tells Sirius XM, later adding: “This negative number fits into the through-line of — hey, better be careful, if you’re going to be as restrictive as we’ve been.”

Emergency Fed cut? Careful Fed watchers have told me they doubt it, and Chicago Fed president Austan Goolsbee just clarified his earlier CNBC comment in an interview with me. For more, follow our live coverage: nytimes.com/live/2024/08/0…

"The concern is that we won't just land at this relatively good and balanced place, but that we'll continue to deteriorate, and softening will turn into weakness," says Mary C. Daly. The jobs report included a jump in people in the labor force, Hurrican Beryl, etc., she says.

"We're not data point dependent, we're data dependent," Daly says.

"People ask how much — is it 25, is it 50, is it three meetings in a row, is it every other meeting," Mary C. Daly says. "The F.O.M.C. is prepared to do what the economy needs when we are clear what that is, and there's many more pieces of information that come out between now

BLS seems to approach release times with the same spirit of timeliness that I approach story filing deadlines. Those hotly-anticipated payroll revisions, better late than never: bls.gov/web/empsit/ces… x.com/M_McDonough/st…

The "time has come" for rate cuts, Fed Chair Jay Powell says, while making it clear that the Fed's going to do what it takes to keep the labor market chugging (aka: a hint that quick rate cuts are possible) nytimes.com/2024/08/23/bus…

This is going to be the JH speech line that launches a thousand memes: "The good ship Transitory was a crowded one, with most mainstream analysts and advanced-economy central bankers on board." x.com/jeannasmialek/…

"The idea of a truly free housing market, where private developers work to satisfy the demands of families that acquire homes through their own grit, has always been a fiction." Conor Dougherty on breadth of the housing crisis and how policy fits in. nytimes.com/2024/08/22/bus…

Economists, good news. I know Robert Gordon told us that the big productivity gains were behind us. But, having just wasted many working hours trying to get our travel partner to get an airline to get me home from Jackson, I’m pretty sure I’ve located some low-hanging fruit.

Well will you look at that! I'm a little bit late to it, but the awesome Michael Tackett is in the NYT Fall nonfiction preview! nytimes.com/2024/09/02/boo…

"The Biden administration has spent the past three years promoting a policy of 'friend-shoring'.... That policy appears to stop at the state lines of Pennsylvania." Nice analysis from Alan Rappeport nytimes.com/2024/09/05/us/…