Federal Reserve

Macroeconomics can be very personal.  Those observing the changes in its machination are often watching the same or similar factors, yet their description of an economy can be very different.  While decorum is often kept in the field, sometimes things are said which evoke thoughts of obscenity.  This happened Wednesday as the Chair of the Federal Reserve, Jerome Powell, responded

Are we in a drought or not?  It depends on where you live.  According to the map above, virtually all of California is not.  Those living to the southeast of the Golden State are not so lucky.  How did this come to be?  An excess of rain last year in California helped.  However, the West Coast probably shouldn’t act as if the current state of water will last

Those in the economics profession are often charged with making forecasts.  For some periods, there is a lot of agreement regarding the path of the economy.  But then the road gets bumpier, and opinions begin to differentiate more and more.  Th

I'm Buy-Now-Pay-Later Man,

I live on a credit plan.

I see it, I want it, I get it, you see,

No money? No problem, it's all so easy.

I'm Buy-Now-Pay-Later Man,

I live on a credit plan.

Employment data have been rather consistent during the past year or so and could be setting up the Federal Reserve for a period of difficulty.  Growing payrolls have been the trend every month since December 2020.  The year-over-year statistic has been above zero since April 2021.  Although, it has also been decelerating since then (see the chart above), partly due to the law of

Philadelphia is a significant city in American history.  Delegates from 12 of the 13 original colonies met as there as the First Continental Congress on September 5, 1774, for a meeting which lasted until October.  Fast forward nearly two centuries and American Bandstand (AB) premiered there in March 1952.

At first, hopscotch, a children's game, and monetary policy, an aspect of macroeconomics, couldn't seem more disparate.

With the Federal Reserve’s latest meeting behind us, growing focus is directed to America’s budget.  Expect more of this type of discussion in the news as May wears on because our nation is near its debt limit.  Leadership is expected to meet next week to discuss the matter which could come to a head in early June.  Unfortunately, busy calendars and trips out of the c

So far, the banking challenges of 2023 have been far from catastrophic.

“Move fast and break things” was the motto Facebook founder Mark Zuckerberg created to describe the characteristic of processes he wanted implemented at the company.