Import prices increased 0.6% during May (4.3% year-on-year), the second consecutive monthly growth of that magnitude; April's gain was revised higher. A 0.4% rise had been expected in the Action Economics Forecast Survey. These [...]
Introducing
Gerald D. Cohen
in:Our Authors
Gerald Cohen provides strategic vision and leadership of the translational economic research and policy initiatives at the Kenan Institute of Private Enterprise.
He has worked in both the public and private sectors focusing on the intersection between financial markets and economic fundamentals. He was a Senior Economist at Haver Analytics from January 2019 to February 2021. During the Obama Administration Gerald was Deputy Assistant Secretary for Macroeconomic Analysis at the U.S. Department of Treasury where he helped formulate and evaluate the impact of policy proposals on the U.S. economy. Prior to Treasury, he co-managed a global macro fund at Ziff Brothers Investments.
Gerald holds a bachelor’s of science from the Massachusetts Institute of Technology and a Ph.D. in Economics from Harvard University and is a contributing author to 30-Second Money as well as a co-author of Political Cycles and the Macroeconomy.
Publications by Gerald D. Cohen
Global| Jun 14 2018Petroleum Drives Gains in U.S. Import and Export Prices
- Global| Jun 07 2018
U.S. Productivity Revised Lower in Q1; Unit Labor Costs Revised Higher
Output per hour in the nonfarm business sector was revised down to a 0.4% gain at a seasonally adjusted annual rate in Q1'18 (1.3% year-on-year), from the previously reported 0.7% increase. In Q4'17 productivity grew at an unrevised [...]
- Global| May 30 2018
U.S. ADP Private Payroll Growth Decelerating
The ADP/Moody's National Employment Report indicated that private nonfarm payrolls increased 178,000 during May following a downwardly revised 163,000 gain in April (was 204,000). A 188,000 rise had been expected in the Action [...]
- Global| May 17 2018
Philadelphia Fed Factory Conditions Surge; Prices Paid Retreat
The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index jumped to 34.4 during May, the highest level in a year. Expectations had been for a reading of 21.0 in the Action Economics Forecast [...]
- Global| May 08 2018
U.S. Gasoline Prices Unchanged, While Crude Oil Prices Continue Upward
Retail gasoline prices were unchanged at $2.85 per gallon yesterday (19.9% year-on-year) remaining at the highest price level since November 2014. Haver Analytics constructs factors adjusting for the seasonal variation in gasoline [...]
- Global| May 03 2018
U.S. Factory Orders Jump; Shipments Notch Another Record High
Manufacturers' orders gained 1.6% (+8.1% year-on-year) during March, the second consecutive monthly increase of this magnitude. Manufacturing shipments rose 0.4% (6.8% y/y) to a record high $503 billion. Shipments have grown for 12 [...]
- Global| May 03 2018
U.S. Initial Unemployment Insurance Claims Edge Higher; Four-Week Moving Average Falls to 45-Year Low
Initial claims for unemployment insurance edged higher to 211,000 (-12.8% y/y) in the week ending April 28, from an unrevised 209,000 in the prior week. Claims had fallen sharply in the week ending April 21 and the Action Economics [...]
- Global| Apr 30 2018
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The National Association of Realtors (NAR) reported that pending home sales increased 3.1% (-4.1% y/y) in February to an index level of 107.5 (2001=100).............. The pending home sales index measures home sales when the sales [...]
- Global| Apr 30 2018
U.S. Pending Home Sales Edge Up in March
The National Association of Realtors (NAR) reported that pending sales of existing homes increased 0.4% (-3.0% year-on-year) in March to an index level of 107.6 (2001=100). Sales have slowed somewhat with the first quarter averaging [...]
- Global| Apr 19 2018
Philadelphia Fed Factory Conditions Improve; Prices Jump
The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index rose to 23.2 during April, reversing some of March's decline. Expectations had been for a reading of 21.0 in the Action Economics [...]
- Global| Apr 16 2018
U.S. Business Inventories Continue to Accumulate; Sales Rebound
Total business inventories increased 0.6% (4.0% year-on-year) during February, the third consecutive monthly gain of this magnitude. Total business sales rose 0.4% (+5.8% y/y), following a 0.3% decline in January. The inventory-to- [...]
- Global| Apr 10 2018
PUT NEW TT >>>U.S. Small Businesses Optimism Improves While Prices Increase
The National Federation of Independent Business indicated that its Small Business Optimism Index for February increased 0.7% to 107.6.............. Roughly 24 million small businesses exist in the U.S. and they create 80% of all new [...]
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