Did Powell Just Hint at a Potential Flip?
November 2, 2023
This is what really piqued our interest, and also what could've caused the rally in markets yesterday. For the longest time Powell has said that GDP will likely need to see a period of below trend growth, which to him was firm at 2%, and he has been very adamant about that. Today, he flipped on that statement.
Labor Productivity Skyrockets in Q3
November 3, 2023
Labor productivity increased a staggering 4.7% in Q3, as this report came in much hotter than both our own and Wall Street’s expectations and followed an upwardly revised 3.6% increase (from 3.5%) in Q2. This was the highest rate of productivity in 3 years.