Productivity Is Making a Comeback!

(1) Another Powell gaffe, or just a market overreaction? (2) Still bullish on earnings, a China trade deal, and a rebound in productivity. (3) Word game: From “patient” to “transient.” (4) Powell says persistently low interest rates possible. (5) The pragmatic case for one or two rate hikes before Election Day 2020. (6) Powell says “transient.” We say “persistent.” (7) The “Amazon Effect.” (8) Guiding inflationary expectations. (9) Room to grow if productivity continues to rebound with enough slack in labor market. (10) Productivity growth is looking up.