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Reade Pickert

Reade Pickert

August 29, 2022 | Daily Business Review

US Growth Measures Diverge, Complicating Recession Debate

The official arbiter of recessions in the U.S., the National Bureau of Economic Research's Business Cycle Dating Committee, uses a range of economic variables when making its recession call.

By Reade Pickert

4 minute read

August 11, 2022 | Daily Business Review

Producer Prices Fall for First Time Since Early in Pandemic

The pullback in the producer price index was due to a decline in the costs of goods, though services prices only edged up.

By Reade Pickert

3 minute read

June 30, 2022 | Daily Business Review

Consumer Spending Cools in Sign of Economy on Weaker Footing

The slowdown in consumer spending, the main driver of the U.S. economy, adds to growing concerns about the economic outlook.

By Reade Pickert

3 minute read

June 22, 2022 | Daily Business Review

Economic Indicators Hard to Decipher as Recession Risks Grow

Economists don't tend to look at any given indicator in a vacuum. Instead, they consider a wide variety of data when making projections about the health of the economy.

By Reade Pickert

4 minute read

June 14, 2022 | Daily Business Review

US Producer Prices Rise at Brisk Pace, Adding to Fed Pressure

The producer price index for final demand increased 0.8% from April and 10.8% from a year earlier, Labor Department data showed.

By Reade Pickert

3 minute read

June 02, 2022 | Daily Business Review

Labor Market to Show Emerging Dichotomy of Tightness, Risks

While the composition of employment has shifted in the last two years, the U.S. has now recovered 95% of jobs lost during the first two months of the pandemic.

By Olivia Rockeman and Reade Pickert

5 minute read

April 29, 2022 | Daily Business Review

Employment Costs Surge Most Ever, Stoking Inflation Concern

The stretch of healthy gains in employment costs underscores how rising wages are a key part of the inflationary picture.

By Reade Pickert

3 minute read

April 11, 2022 | Daily Business Review

Inflation May Peak in March, But It's a Slow Go to Fed's 2%

Economists expect inflation to settle back to an average 5.7% in the fourth quarter. Even so, that's about three times the annual rate seen in the years before the pandemic.

By Olivia Rockeman and Reade Pickert

5 minute read

March 31, 2022 | Daily Business Review

Inflation-Adjusted Spending Falls as Prices Temper Demand

After omicron-related volatility in the prior two months, the government's data suggest American consumers are feeling the pinch of the fastest inflation in decades.

By Reade Pickert

3 minute read

March 30, 2022 | Daily Business Review

American Labor Reshuffle Is Fueling Higher Wages

Two years after the onset of COVID-19, the labor market has adapted to reflect shifts in spending that's heavier on goods and lighter on services.

By Reade Pickert

3 minute read