Twee Retires!

The U.S. Census Bureau announced the following new manufacturing and trade statistics for September 2024. The combined value of distributive trade sales and manufacturers’ ...

Industrial production in the United States observed a monthly decline of 0.3% in October, the Federal Reserve's Board of Governors said in its report released on Friday. ...

Thank you for inviting me to discuss whether a “hot” economy can drive productivity growth. A lot has been said recently about the structural reasons for the productivity gap between Europe and the United States, notably in Mario Draghi’s recent report. But this gap has worsened in the post-pandemic period, as productivity growth accelerated in the United States and stalled in the euro area (Chart 1). The hotter US economy largely explains this, whereas the euro area economy caught a cold as a result of the energy shock to which it was much more exposed. So today, I want to discuss how a strong recovery in productivity is critical for the euro area. Beyond its short-term benefit, it is also essential to avoiding a further erosion of the euro area’s economic potential. Monetary policy should take the medium and long-term effects of an excessively restrictive stance into account. post: ECB'S CIPOLLONE: WE CAN AND SHOULD REDUCE FURTHER THE CURRENT LEVEL OF MONETARY POLICY RESTRICTION. THE PACE AND EXTENT OF THIS REDUCTION WILL DEPEND ON THE INCOMING DATA.

The Conference Board Leading Economic Index® (LEI) for Australia ticked up in September 2024 by 0.3% to 113.1 (2016=100), following 0.1% increase in August. However, the LEI fell ...

post: FED'S COLLINS: THERE'S NO PRESET PATH FOR MONETARY POLICY - BLOOMBERG TV. post: FED'S COLLINS: THE ECONOMY IS IN A VERY GOOD PLACE RIGHT NOW. post: FED'S COLLINS: I WON'T TAKE A DECEMBER EASING OFF THE TABLE.