Gross Domestic Income (GDI) increased 11.8% annualized in Q2, or 240 basis points faster than GDP. Adjusted for inflation, GDI rose 1.4% in Q2 versus a .6% decline in real GDP.
The statistical discrepancy (or the nominal dollar difference between the GDI and GDP) was nearly $1 trillion in Q2, a record gap. There is no recession, but there is a marked deterioration in the quality and accuracy of the product data.
The Fed is at "war" with itself. It says one thing when appropriate and helpful for its communication strategy and then ignores it or says the opposite when it isn't consistent with its message or sup
In February, total consumer prices and prices, excluding food and energy, rose 0.4%, resulting in the last twelve-month increases of 3.2% and 3.8%, respectively. The consumer price report is the sole
February's jobs data should eliminate any mention of faulty seasonal factors, making the employment picture look brighter than it is. In February, payroll employment increased by 275,000, with the raw