Business Conditions
Business Conditions Monthly November 2025
Shelter costs led price increases, but goods price acceleration leveled off. We've reached a new, distinctly elevated "normal."
Business Conditions Monthly: October Showed Slowing Inflation, Waning Momentum
Job growth is slowing, unemployment is rising, and affordability pressures persist heading into the critical holiday season. Economic resilience is at risk.
Business Conditions Monthly September 2025: Data Blackout
The Fed enters its most consequential meeting of the year blinded by shutdown data gaps, armed instead with private proxies and guesswork.
Business Conditions Monthly August 2025
Policymakers are already balancing slower growth and sticky costs., and now the federal shutdown has delayed reporting of all the data.
Business Conditions Monthly July 2025
Slowing job growth and high borrowing costs are dividing growth confidence. Firms are optimistic, but households are cautious amid affordability concerns.
Business Conditions Monthly June 2025
Revised-down job growth, barely rising real consumer spending, and a narrowing trade deficit raise pressure on the Fed's choices.
Business Conditions Monthly May 2025
Investors are willing to risk a little more as trade war threats normalize. Some sectors show ongoing weakness, but economic activity sputtered forward.
Business Conditions Monthly April 2025
Hiring is slowing and consumer sentiment is souring, but households and small firms are responding positively to a pause in tariff escalations. The US economy is balancing on a narrowing…
Business Conditions Monthly February 2025
Broad inflation pressures seem to be easing, but consumer sentiment has plunged and business confidence is weakening.
Business Conditions Monthly January 2025
A divergence between leading and lagging indicators reveals short-term uncertainty, though the broader economy shows resilience for now.
