◀ The Principal Blog

Inflation wars: top-down versus bottom-up data



As the old saying goes, there are two sides to every story. This saying holds true for the latest inflation data. For instance, the latest Consumer Price Index (CPI) and Personal Consumer Expenditure (PCE) inflation data have fallen flat. But, the “macro” environment suggests that inflation…

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Job growth slows – May jobs report



This morning, the Department of Labor reported that the U.S. economy added 138,000 jobs in May, below expectations of 185,000. The unemployment rate dropped to 4.3%, which is the lowest since May 2001, but was primarily caused by a fall in the labor force participation rate. In addition to the weak…

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