New York Begins Inflation Checks
Starting Friday, New York began mailing its first statewide inflation refund checks to eligible residents as part of a one‑time program funded by excess sales‑tax receipts. State announcements
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P&L Staff
Tariffs, H‑1B Fees and Political Risk
This week, the White House announced a sharp set of trade and immigration moves that are already reverberating through markets: a proposal to impose up to a 100% tariff on
Stocks Bounce, Volatility Lurks
Friday, US equities rallied as the in‑line PCE reading removed one tail‑risk: the major indexes rose with the Dow up about 0.7%, the S&P 500
PCE Steady, GDP Revised Higher
Friday, the Bureau of Economic Analysis’ PCE release showed the Fed’s preferred inflation gauge rose 2.7% year‑over‑year in August, with the core PCE (ex food and
Growth and Jobs: Resilient Data
Yesterday, the Commerce Department’s final revision showed the U.S. economy expanded at an annualized 3.8% pace in Q2 — a material upgrade from earlier estimates and evidence of
Tariffs Re‑Ignite Price Risk
Yesterday, the White House unveiled a fresh slate of import levies that could lift consumer costs in targeted categories and add noise to inflation readings. The administration announced new tariffs
Stocks Tick Higher After PCE
Today, U.S. equities moved higher after the PCE report came in line with expectations and eased an immediate concern that inflation was accelerating again. The Dow Jones Industrial Average
PCE: Core Inflation Steady
Today, the Federal Reserve’s preferred gauge of consumer prices showed core Personal Consumption Expenditures held near recent levels, a result that keeps markets focused on the timing of further
H‑1B Fee Shock Hits IT
The White House proposed a $100,000 annual fee for each H‑1B visa, prompting multinationals to advise affected staff to avoid travel as details shake out. U.S. tech
US Backstop For Argentina?
U.S. Treasury Secretary Scott Bessent signaled that “all options” are on the table to stabilize Argentina, including potential loans to the central bank, direct FX support, and purchases of
Stocks Hover At Records
U.S. equities sit near all-time highs after a multi-day streak of record closes, while futures trade flat to slightly lower as investors gauge how durable the rally is. The
Macro Resilience, Policy Risks
The OECD lifted its outlook for global growth to 3.2% in 2025 (from 2.9%), with the U.S. raised to 1.8%. The upgrade underscores better-than-expected momentum in