Productivity growth (output per hour worked) is a key driver of business activity because it allows an economy to expand progressively without creating annoying inflation.
After a highly contested audition fit for reality TV, President Trump nominated Kevin Warsh, a former Fed Governor, as Chair of the Federal Reserve. History
Productivity has been steadily improving over the past two years. In the third quarter of 2025, it accelerated to a 4.9% clip from 4.1% in
As a rule, the financial markets respond to macroeconomic forces like changes in employment, inflation and productivity, plus monetary forces like changes in the money
Whatever happens in 2026 and beyond will be entirely dependent on whether recent productivity growth, which has registered average gains of 2.2% a quarter since
Both the stock and bond markets cheered the Fed’s 3rd straight rate cut, but cutting rates further will be hard to do, even though the
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