Tag: greg heym
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The Line: Say Less Fed
This week, we love what Kevin Warsh said about members of the Fed speaking too much. Welcome to the “loose lips sink ships” edition of The Line. Say Less Fed No, I’m not trying to show my knowledge of the latest slang, just saying I want the Federal Reserve to speak less. President Trump’s nominee for the next chair of the Fed agrees…
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The Line: Private Sector Employment Rose by Just 22,000 in January
It’s the first Friday of the month, which usually means a BLS jobs report. However, since the government shut down for a few days that report won’t come out until next week. Luckily for us ADP came to the rescue yet again, with their January Employment Report. Private Sector Employment Rose by Just 22,000 in…
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The Line: The Fed Leaves Rates Alone
This week, we have the latest from the Fed and tell you why Americans shouldn’t be so pessimistic about the economy. The Fed Leaves Rates Alone The Federal Reserve made no change to the federal funds rate at their meeting this week, a move that surprised nobody, even Gomer Pyle. The Fed summed up their thinking this way: “Available indicators suggest that…
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The Line: Inflation Lower than Expected in December
There was a lot of economic data released this week, so welcome to another lightning-round edition of The Line. Inflation Lower than Expected in December The core consumer price index, which excludes food and energy prices, rose 0.2% in December and was 2.6% higher than a year ago. Both figures were slightly below forecast, which was…
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The Line: Job Growth Lower than Expected in December
For the first time in a few months, we have a jobs report on the first Friday of the month. Welcome to the “back to normal” edition of The Line. Job Growth Lower than Expected in December That headline really tells you all you need to know, but here are some specifics: To sum up,…
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The Line: The Fed Cut Rates Another 0.25%
Today, The Line tries to fight through a nasty stomach virus to bring you the latest from the Fed. The Fed Cut Rates Another 0.25% By a 9-3 vote, the Federal Reserve approved a 25-basis point reduction in the federal funds rate. It’s worth noting that the last time 3 committee members dissented was September 2019. In case you’re curious, two of the dissenters were against…
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The Line: Finally, The U.S. is Open for Business
Today we celebrate the reopening of our government and hope they never shut down again. Finally, The U.S. is Open for Business After the longest shutdown in history, the federal government reopened on Thursday. For many, this has been the longest 43 days of their lives. There were roughly 600,000 federal employees furloughed, and approximately 700,000 workers who were deemed to be essential and…
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The Line: The Fed Cuts 0.25%, But Still Finds a Way to Upset Us
This week, we digest the Fed’s rate cut and have the latest on mortgage rates. Hint: it’s more treat than trick, so welcome to the Halloween edition of the Line. The Fed Cuts 0.25%, But Still Finds a Way to Upset Us As expected, the Federal Reserve reduced short-term rates by 25 basis points at their meeting this week. This…
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The Line: Inflation Lower than Expected in September
Today, we present the latest on inflation and share some good news about mortgage rates. Inflation Lower than Expected in September I’m happy to report that the long-awaited September CPI report was good news, with both the monthly and annual increases coming in below forecasts. Here are the highlights of the report: To sum up, this is good news for the economy and interest rates.…
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The Line: Private Payrolls Down 32,000 in September
It’s the first Friday of the month, which usually means we have jobs report from the BLS to dissect. As you know, the government is currently in a shutdown, which means there won’t be a BLS September jobs report for a while. So today, we use employment data from another three-letter group: ADP. Private Payrolls…