'Carpe Diem, Quam Minimum Credula Postero'

'Seize the day, Trusting as little as possible in the future'


Recent Stories
Steven Rattner: The Housing Market Is on Fire. It Doesn’t Need More Fuel.

07/29/21 07:00PM - On Wednesday the Federal Reserve tiptoed ever so slightly toward reducing its efforts to pump liquidity into the financial system. It did so through brief references that might best be characterized as beginning to talk about talking about …more…

William Haseltine: How to End the Pandemic

07/29/21 10:25AM - BOSTON – Even with effective vaccines, the coronavirus and its new variants will continue to subject us to successive epidemic waves. Returning to normal life ultimately will require a multi-layered strategy featuring vaccines, …more…

Greg Ip: The West Embraces State Subsidies, a Policy Throwback, to Counter China

07/29/21 09:41AM - “Industrial policy,” an approach long criticized as inefficient, is being adopted by the U.S. to fund sectors such as semiconductors. The U.S. and its allies have long pressed China to stop helping favored industries with subsidies, …more…

Alexander Salter: Is Inflation Really a Problem?

07/29/21 09:01AM - Inflation is the current hot topic in macroeconomics, to the extent anything in macroeconomics can be "hot." Financial, economic, and political commentators are in a tizzy over price increases. Even Fed Chairman Jerome Powell is starting to …more…

Bill Dudley: The U.S. Treasury Market Still Needs Fixing

07/29/21 07:58AM - The Fed's new repo facility is a good first step, but not enough.The market for U.S. Treasury securities is a lynchpin of global finance, providing funds for the government, a safe place to park money and a benchmark for interest rates …more…

Peter Morici: America’s baby drought poses a risk to our prosperity and security

07/29/21 06:00AM - Without enough babies a civilization cannot survive. That’s an issue feminism has yet to address. The COVID pandemic has hit women in the workplace hard. They serve in many public-facing positions that were at least temporarily lost, and …more…

Economic Results
Pending Home Sales Index fell 1.9% in June

07/29/21 10:00AM - Pending home sales declined marginally in June after recording a notable gain in May, the National Association of Realtors® reported. Contract activity was split in the four major U.S. regions from both a year-over-year and …more…

2Q2021 GDP advance estimate increased 6.5%

07/29/21 08:30AM - Real gross domestic product (GDP) increased at an annual rate of 6.5 percent in the second quarter of 2021 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased …more…

Weekly Initial Unemployment Claims decrease 24,000 to 400,000

07/29/21 08:30AM - In the week ending July 24, the advance figure for seasonally adjusted initial claims was 400,000, a decrease of 24,000 from the previous week's revised level. The previous week's level was revised up by 5,000 from 419,000 to 424,000. The …more…

FOMC target funds rate maintained at 0.00% - 0.25%

07/28/21 02:00PM - The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price …more…

Purchase Apps up, Refi's up in Latest MBA Weekly Survey

07/28/21 07:00AM - Mortgage applications increased 5.7 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending July 23, …more…

Consumer Confidence increased in July 2021 to 129.1

07/27/21 10:00AM - The Conference Board Consumer Confidence Index® was relatively unchanged in July, following gains in each of the prior five months. The Index now stands at 129.1 (1985=100), up from 128.9 in June. The Present Situation Index—based on …more…

Richmond Fed's Current Activity Index rose to 27 in July 2021

07/27/21 10:00AM - Fifth District manufacturing activity strengthened in July, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite index inched up from 26 in June to 27 in July, buoyed by increases in the shipments …more…