News

Non-farm employee output per hour soared in Q3.

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

January is expected to set a record for bond sales, reaching $215 billion in high-grade debt issued by the end of the month.

“If the EU and EU member states insist on continuing to restrict, limit, and deter the competitiveness of U.S. service providers through discriminatory means, the United States will have no choice but to begin using every tool at its disposal to counter these unreasonable measures.”

“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.”