Job Growth, ADP, and the Benchmark Revisions The slowdown in job growth has market participants and the Federal Reserve focused on downside labor market risks. With much of the topline US

Upcoming BLS Benchmark Revision Federal Reserve officials are increasingly embracing the view that downside risks to the labor market are building, reinforcing the case for interest rate cuts to stabilize

Monday Morning Notes, 9/8/25 If You Don’t Have Time This Morning Growing downside risks to the labor market as highlighted in the August employment report will likely trigger a series

Tuesday Morning Notes, 9/2/25 If You Don’t Have Time This Morning The Federal Reserve is set to deliver a 25bp rate cut at the September FOMC meeting. By putting his

Slower Immigration Lowers Breakeven Job Growth Summary Federal Reserve and Breakevens Federal Reserve officials have cautioned that due to slowing immigration the recent softness in nonfarm payrolls should be taken

Monday Morning Notes, 8/25/25 If You Don’t Have Time This Morning At last week’s Jackson Hole conference Federal Reserve Chair Jerome Powell gave the green light for a rate cut