'Carpe Diem, Quam Minimum Credula Postero'
'Seize the day, Trusting as little as possible in the future'
05/17/24 02:30AM - Young people today hear over and over again that they need to attend college to be successful. But they also hear student debt has become such a problem that President Biden sees fit to cancel at least $870 billion of it by executive …more…
05/16/24 11:00AM - WASHINGTON, DC – The current debate about generative AI focuses disproportionately on the disruption it might unleash. While it is true technological advances always disrupt legacy industries and existing systems and processes, one must not …more…
05/16/24 10:28AM - Although inflation remains high,disinflation continued in April. The Bureau of Labor Statistics reported the Consumer Price Index (CPI) increased 0.3 percent last month, for a year-over-year change of 3.4 percent. The Core CPI, which …more…
05/16/24 12:01AM - Price controls lead to the misallocation of resources, shortages, diminished product quality, and black markets. Prices are threads stitching together the fabric of our economy. They guide countless producers, here and abroad, to meet the …more…
05/16/24 12:00AM - Current international tensions are concerning for markets but not unprecedented. Geopolitical pressures have posed unrelenting challenges for the global economy in recent years. Activity has been restrained by the Russia-Ukraine war, hostilities …more…
05/15/24 03:14PM - The AIER Everyday Price Index rose for a fifth consecutive month in April 2024. The 0.59 percent increase brings our proprietary inflation measure to 290.9. AIER Everyday Price Index vs. US Consumer Price Index (NSA, 1987 …more…
05/15/24 07:00AM - Mortgage applications increased 0.5 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending May 10, 2024. The Market Composite Index, a measure …more…
05/14/24 07:00AM - NFIB’s Small Business Optimism Index rose by 1.2 points in April to 89.7, marking the first increase of this year but the 28th consecutive month below the 50-year average of 98. Twenty-two percent of owners reported that inflation was their …more…
05/10/24 10:00AM - Forecasters Predict Higher Near-Term Growth and Job Gains The near-term outlook for the U.S. economy looks better now than it did three months ago, according to 34 forecasters surveyed by the Federal Reserve Bank of Philadelphia. The …more…
05/10/24 10:00AM - Consumer sentiment retreated about 13% this May following three consecutive months of very little change. This 10 index-point decline is statistically significant and brings sentiment to its lowest reading in about six months. This month’s trend …more…
05/09/24 08:30AM - In the week ending May 4, the advance figure for seasonally adjusted initial claims was 231,000, an increase of 22,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 208,000 to 209,000. …more…
05/09/24 06:00AM - The Conference Board Measure of CEO Confidence™ in collaboration with The Business Council rose to 54 in Q2 2024, up from 53 in the previous quarter. This marks the second consecutive quarter in which the Measure is above 50, indicating that …more…
05/08/24 10:00AM - March 2024 sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading day differences but not for price changes, were $662.8 billion, down 1.3 percent (±0.5 percent) from …more…