3 CIBC: … greater pass through to core components, but looking beyond the war-induced #volatility, #tariff impacts appear to be boosting some categories still, with #apparel #prices rising strongly again, while #shelterprices ticked up on the month on the owners' equivalent rent component. #usecon
1 CIBC: #Pricepressures surged in the #US in March, as the impact of the #war caused #gasoline #prices to spike. The 0.9% m/m gain in headline #CPI prices was in line with expectations, with a 21% jump in prices at the pump driving almost three-quarters of that advance 🧵 #usecon #inflation
#TorstenSlok, chief economist at Apollo Global Management: Dallas Fed data show net #unauthorized #immigration flows turning negative, meaning more individuals are leaving the #US than entering #usecon
2 #TorstenSlok, chief economist, Apollo Global Management: As these firms scale, they will create #jobs, underscoring that #AI is likely to strengthen, not disrupt, the #US #labormarket. #usecon
1 BMO: The February #Employment report will change the narrative in the #markets of a resilient and possibly improving #U.S.labormarket, highlighting the two-sided risks the #Fed faces as we digest the #economic impacts from the %war in #Iran. 🧵 #usecon #jobsdata #NFP
2 CIBC: … and for the #unemploymentrate to remain steady at 4.3%. #Joblosses were relatively widespread across industries, with #leisure/hospitality (-27K), #health/socialassistance (-19K), and #manufacturing (-12K) seeing the biggest drops. #NFP #jobsdata #employment #labormarket #usecon
“(US) #Consumption grew at a healthy 2.4% annual rate in the quarter, but 44.8% of that growth was due to increased spending on #healthcare services. Healthcare #spending continues to be a main factor driving #growth.” open.substack.com/pub/deanbake... #usecon

Elon Musk Brings 4th Quarter G...
Elon Musk Brings 4th Quarter GDP Growth to a Crawl

Musk's layoffs and the government shutdown were major factors in slowing growth

Dean Baker