For a long time, job openings far exceeded the number of people actually looking for work. That's changing. 

There were a few pleasant surprises in the GDP report.

The big disagreement within the Federal Reserve isn’t about today’s move, but about whether there’s more to come, or, if this is good enough. 

China’s politburo, the central committee of the Chinese Communist Party, said the government will step up policy support for the economy. 

The Leading Economic Index has been negative 15 months in a row. If it’s leading, how far behind is the economy?

A company earns one dollar less per share than expected and the stock tanks. What gives? Why do little numbers seem to have big effects on markets? 

Retail sales in June rose .2% month-over-month. Even the bulletproof food and drinking places category of spending barely increased from May to June. 

Is the earnings recession over even before an economic recession has begun?  Maybe, but probably not. 

The key question is whether lower inflation will stick. It probably will. 

Most of the labor market gains have really just been about repairing the damage from the 2020 lockdowns that destroyed more than 22 million jobs.