We got another labor market indicator on Wednesday ahead of Friday’s jobs report. According to ADP, the private sector added 152,000 jobs in May. That’s fewer than were added in April, so a bit of a ...

Fifteen months of new data covering the period since May 2023 continue to track closely along the path of a fitted nonlinear Phillips curve that shows the empirical relationship between inflation and ...

The Fed cut the Fed Funds rate by 50 basis points on September 18. The Fed’s twin mandate, keeping inflation under control and aiming for low unemployment is really in the service of the American ...

The Phillips curve suggests a short-term inverse relationship between inflation and unemployment. Critics argue the model fails in the long term, evidenced by various Nobel criticisms. Investors ...

Federal Reserve Vice Chair Philip Jefferson said Friday that the economic outlook is uncertain and that he was adopting a ...

The bond market is still thinking about monetary policy through a Phillips Curve frame of mind. On the back of a strong employment report Friday, yields on 10-year Treasury bonds surged to a 16-year ...

New data covering the period since May 2023 have continued to follow the path of a nonlinear Phillips curve that shows the relationship between inflation and a particular measure of labor market slack ...

“Insanity is doing the same thing over and over again and expecting different results.” (Usually attributed to Albert Einstein, this familiar quote may have originated with Max Nordau or others in ...

The surprise for 2018 will be how little inflation will rise. Markets are building a house of cards on plans for inflation to return as they bet on a return of the Phillips curve. The anticipated ...

Repeat after me, class: Growth does NOT cause inflation. Write it on the blackboard 100 times. For decades, the economics profession has been trying to tell us all just the opposite. They keep ...