Economy

“The key positive in this report is flat core goods prices, reinforcing the view that tariff pass‑through to consumers has been much milder than anticipated.”

“The legal action the central bank is now facing further intensifies the growing political and legal pressure from the executive branch on the independence and credibility of a key pillar of U.S. governance.”

Non-farm employee output per hour soared in Q3.

Consumer spending is strong, even as consumer confidence continues to decline.

“With any program that has revisions, it’s because you’re trying to balance timeliness with accuracy. You want to give people both, but you can’t give both at the same time.”

“The labor market remains weak, but the pace of deterioration probably is too slow to spur the FOMC to [reduce interest rates] again in January.”