The pace of the US labor market is changing

T he US job market has really changed pace in the past six months. It stabilizes but the trend is not on the downside yet. It will be for the second half of the year.
Households have the perception that the trend is no longer improving and the number of available jobs no longer increases. As growth slows, the job market will inevitably change pace. It will be interesting just a few months before the presidential elections

The Fed’s new monetary policy

At Jackson Hole, Jay Powell, the Federal Reserve Bank president, spoke of the new Federal Reserve monetary policy. The Fed will target long run inflation at 2%. On the long…

The health risk reappears in the USA – A new lockdown is looming.

The acceleration in the number of Covid-19 patients in the USA is worrying. It diverges from the observation made in Europe and should cause a further upward adjustment of American…

How, for the USA, to find a balanced momentum after such a shock?

The drop in activity in the United States is out of all proportion compared to the recessions of the past. A return to normal, to the dynamics before the health…