There is a reason Jason Furman didn’t cite any specifics to back up his claim that “financial markets reacted” to President Trump’s tweet about Friday’s jobs report “with unusual volatility for the early morning hours” (“The Economic Risks of Trump’s Premature Tweeting,” op-ed, June 4). The reason is that they didn’t. In the 69 minutes between the tweet and the actual release, futures contracts on the S&P 500 meandered randomly in a narrow range of about one-tenth of a percent of the index’s value. The yield of the 10-year U.S.
It's time to admit policy isn't easy anymore -- but that's not to say the "old normal" is back.
The FOMC will hike (but that will be an easing). The ECB will still do whatever it takes.
Even at 3.8% unemployment, the labor market is looking more "mid-cycle" than "end-of-life."
Bowing to Trump’s tweet, or stabbing Iran in the back? Little change for global oil markets.
Brexit was easy, because the UK never used the euro. Now we face a systemic threat.