In the eight weeks ended April 22, 2020, total assets on the books of the Fed increased by $2.4 trillion, the largest eight-week increase in Fed assets in the history of the institution. In the seven weeks ended April 15, 2020, loans [...]
Global| Apr 30 2020
The Explosion of the Fed's and Banks' Balance Sheets: Not Inflationary, Yet
Global| Apr 30 2020
TTl
• • The employment cost index (ECI) for civilian workers rose 0.7% in the fourth quarter of 2019............. The employment cost index, which measures the change in the cost of labor, free from the influence of employment shifts [...]
by:Sandy Batten
|in:Economy in Brief
Global| Apr 30 2020
Initial Jobless Claims Top 30 Million in Last Six Weeks
• Initial jobless claims declined to a still extremely-elevated 3.839 million in the week ending April 25. • Over the last six weeks 30.3 million people or 18.6% of the labor force have filed new claims. • Eleven states had over [...]
Global| Apr 30 2020
EMU GDP Takes a Deep Dive; Everyone Holds Their Breath
Europe was hit especially hard in Q1. The year-on-year growth rates for this cluster of reporters is at or near the lowest they have posted since end-1997. European economies generally were hit a bit earlier than the U.S. That is [...]
Global| Apr 30 2020
U.S. Chicago Business Barometer Weakens Drastically in April
• Chicago PMI fell to the lowest level since March 2009. • ISM-Adjusted measure similarly weakened due to the coronavirus. • Lower orders and production led this month's decline. The Chicago Purchasing Managers Business Barometer fell [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 30 2020
U.S. Personal Spending & Income Collapse in March
• Spending cutbacks are widespread due to the coronavirus. • Personal income declines with the fall in employment. • Pricing power weakens. Personal consumption expenditures declined a record 7.5% (-3.8% y/y) during March as hiring [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 30 2020
Initial Jobless Claims Top 30 Million in Last Six Weeks
• Initial jobless claims declined to a still extremely-elevated 3.839 million in the week ending April 25. • Over the last six weeks 30.3 million people or 18.6% of the labor force have filed new claims. • Eleven states had over [...]
Global| Apr 30 2020
Employment Cost Growth Edges Up
• Growth of overall compensation unexpectedly picked up to 0.8% q/q in 2020 Q1. • Wages and salaries growth accelerated while benefits slowed. The employment cost index (ECI) for civilian workers rose 0.8% q/q in the first quarter of [...]
by:Sandy Batten
|in:Economy in Brief
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