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Whetstone Analysis commentary will help you stay sharp and up-to-date with the high frequency economic data and developments in Federal Reserve monetary policy.

“Terry gets it right without overstating small stuff. She sees a longer scope than many are capable of and sadly too few appreciate. Additionally, she arranges reports so that one does not feel they have been jumped ahead or need to review for clarity. Finally, she doesn’t ‘guess’, she puts down relevant details rather than trying to connect interestingly but unrelated dots.” — Martin McGuire, Managing Director at TJM Investments, LLC

“Terry brings a solid knowledge of the economic data and Fed history to bear in quickly distilling the essentials for consumption.” — Les Alperstein, President at Washington Analysis

 

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ECONOMIC DATA

High frequency US economic data reports from the Commerce Department, Labor Department, Treasury Department, Federal Reserve Board of Governors, Federal Reserve District Banks, and a variety of closely watched private sources.

First Cut: May Final Demand Producer Prices up on food and energy while trade services declined

The Final Demand Producer Price Index for May was up 0.4% after declining 1.3% in April. Compared to a year…

First Cut: In June 6 week, claims levels recede further but still skyhigh

The unadjusted level of initial jobless claims was down 82,886 to 1.537 million in the week ended June 6. Unadjusted…

First Cut: Atlanta Fed Business Inflation Expectations on the rise in June

The Atlanta Fed’s Business Inflation Expectations survey for June put expected inflation at 1.7%, up from 1.5% in May. Recent…

First Cut: May CPI dips on auto insurance, energy, and apparel

The Consumer Price Index for May was down 0.1% after down 0.8% in April, and was up 0.1% compared to…

First Cut: April JOLTS reports confirms the implosion in job openings and new hires and explosion of job separations

The April data on job openings and labor turnover (JOLTS) showed the contraction in the labor market continued after the…

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CENTRAL BANK CENTRAL

Information and analysis about Federal Reserve monetary policy and policymakers.

Comment: Minutes of March 15 FOMC meeting stress that the Fed was addressing an external health crisis

The minutes of the March 15 FOMC meeting – which superseded the scheduled March 17-18 deliberations – showed the Committee…

Comment: Chair Powell’s webinar on Thursday likely to be last major comments before communications blackout period starts on April 18

There’s a confluence of circumstances that are likely to keep Fed officials from making too much public comment in the…

Comment: Fed securities holdings top $4.6 trillion with large adds of Treasury notes and bonds

The Federal Reserve's weekly balance sheet showed total holdings of Treasurys, Agencys, and Agency MBS topped $4.6 trillion as of…

On the radar: Asset buys push Fed securities holdings above $4 trillion

Expansive buying of Treasurys and Agency MBS have pushed the size of the Fed's holdings of securities back above $4…

Comment: Fed adjusts supervision in light of current crisis

Fed officials have in the past said that the central bank's role as a supervisor and regulator gives it access…

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ON THE RADAR

Recaps, reminders, and random analysis of data and events that pertain to the US economy and monetary policy.

On the radar: Weekly rate on Freddie Mac 30-year fixed mortgage hits new record low as of May 21

Freddie Mac reported mortgage interest rates down again in the week as of May 21. The weekly 30-year fixed rate…

Look forward at May 18, 2020: More dispiriting economic data and out-of-date FOMC minutes

A look forward to the May 18 week anticipates another round of dispiriting economic data as the numbers start to…

On the radar: GDP Nowcasts all point to deep contraction in second quarter

The three Fed District Banks that publish a GDP Nowcast are all pointing in the direction of a deep contraction…

On the radar: St. Louis Fed’s Financial Stress Index points to steadily improving conditions

The St. Louis Fed Financial Stress Index was down for a second week and declined 0.252 points to 0.612 as…

On the radar: Freddie Mac puts fixed rates for mortgages little changed from prior week, still near historic lows

Freddie Mac rates were about the same as of May 14 as they were on May 7. Rates continue to…

UPCOMING ANNOUNCEMENTS

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