Macro Indicators
Inflation, employment, rates and growth data
To Understand This
Inflation Data: CPI, Core and PCEWhy a number published once a month reprices every asset there is.The Jobs Data: Payrolls, Unemployment and JOLTSThe single number released on the first Friday of the month is the report card for one of the Fed's two mandates — and sometimes good news is bad news.Hawks and Doves: Reading the Fed's LanguageThe rate decision itself is rarely the surprise; the surprise lives in the sentences around it.Rates, Bonds and the Yield CurveThe number that moves the stock market most isn't set in the stock market — it's set in bonds.The Yield Curve and Its InversionShort rates above long rates — the market's oldest recession signal, and why it doesn't fire immediately.What Is Volatility?It measures how much the price swings — not which way it is going.