Economic Research
USA 2023
A normalizing economy (May 19, 2023)（169KB）
Strong jobs growth but weak productivity (May 5, 2023)（205KB）
Growth is unlikely to last (April 28, 2023)（197KB）
Inflation and bank credit(April 24, 2023)（152KB）
The labor market for goods industries is starting to cool (April 7, 2023)（158KB）
Uncertainty ahead for inflation and growth (March 31, 2023)（145KB）
Macro vs financial stability (March 24, 2023)（265KB）
The labor market remains defiant (March 10, 2023)（161KB）
Eyes are back on goods inflation and manufacturing (March 3, 2023)（217KB）
Focus on the signal and not the noise (February 17, 2023)（169KB）
Strong demand or the calm before the storm? (February 3, 2023)（154KB）
Wage growth has likely peaked, but risks remain (January 31, 2023)（147KB）
The economy is showing signs of weakness (January 27, 2023)（162KB）
How deep will the recession be in the US? (January 25, 2023)（147KB）
There is still a demand problem in the US (January 6, 2023)（158KB）