skip to Main Content

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

 

bar chart

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: Rise in NFIB Small Business Optimism Index in May reflected hope for the near future

The NFIB Small Business Optimism Index was up 3.5 points to 94.4 in May, halting the slide lower that began…

On the radar: GDP Nowcasts for second quarter revised up after employment data

After this morning upside surprise in the May Employment Situation, two of the District Bank GDP Nowcasts got substantial upward…

Footnote: Weather sensitive sectors were a large contributor to the May payroll increase

As a footnote to the May Employment Situation, the month is when increases in weather sensitive sectors is normally to…

First Cut: The upside surprise in the May payroll data doesn’t makes up for massive numbers of jobs lost in April

To widespread astonishment, nonfarm payrolls were up 2.509 million in May and the unemployment rate fell to 13.3%. The Bureau…

On the radar: NFIB small business jobs report shows average change in employment down in May for first time since September 2017

The NFIB Small Business Jobs Report for May saw the average change in employment at -0.17 after falling to 0.09…

bank

CENTRAL BANK CENTRAL

Information and analysis about Federal Reserve monetary policy and policymakers.

Comment: The acronyms multiply as the Fed acts to get liquidity to where it is needed

The Federal Reserve announced “extensive new measures to support the economy” first thing on Monday, March 23.  Some were new,…

Comment: Reflecting on recent central bank decisions

In recapping the Federal Reserve’s actions since the start of March, it is impossible not to reflect in the present…

Comment: Week Fed balance sheet assets start to climb as of Wednesday, March 18

The Fed's H4.1 weekly report on its balance sheet shows the first effects of the start of large scale asset…

Comment: Fed opens another credit facility to ease liquidity, this time for mutual funds

Just before midnight on March 18, the Fed announced a third liquidity facility to help keep markets functioning in the…

Comment: A second liquidity facility reappears — the PDCF — from the financial crisis

On March 17, the Federal Reserve announced it will establish a Primary Dealer Credit Facility (PDCF) to "allow primary dealers…

radar

ON THE RADAR

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

On the radar: Atlanta Fed Business Inflation Expectations remain low in May

The Atlanta Fed Business Inflation Expectations measure for May was "essentially unchanged" at 1.5% after 1.4% in April. Inflation expectations…

On the radar: Boeing reported no new orders in April, net new orders for 2020 to-date -255

Boeing reported no new orders in April, a decrease of 31 from March. For 2020 to-date, the number of orders…

On the radar: NFIB small business jobs report show hiring grinding toward a halt in April

The NFIB Small Business Jobs Report showed the average change in employment per firm down for a third month in…

On the radar: St. Louis Fed Financial Stress Index lowest in nine weeks as of week ended May 1

The St. Louis Fed's Financial Stress Index fell 1.090 points to 0.865 in the week ended Friday, May 1. The…

Look forward at May 4, 2020 week: Jobs, jobs, jobs, or rather absence of jobs

A look forward to the May 4 week necessitates bracing for a series of truly frightening numbers for the labor…

UPCOMING ANNOUNCEMENTS

Back To Top