Michael McKee

speaker
1,104 appearances 197 recordings 2 series first heard Aug 2025 last heard 5d ago

Michael McKee’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
40 · Jan OctJan 26AprJulnow

Recordings per month over the last 12 months — 194 in all, peaking in Jan 2026 with 40.

Appearances

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Once again, it is confounding, 208,000 down from 216,000, a revised number from last week.
So significant drops, still very, very low.
Continuing claims, 1,805,000 down from 1,821,000.
So all in all, the numbers are still very good for the overall U.S.
economy.
The retail sales numbers up by two tenths of a percent in the month of June.
Americans still spending despite what was going on.
Ex-autos, though, down two tenths of a percent.
But the control group that economists worry about, because that's what goes into GDP, up a solid half a percent after a seven tenths rise the month before.
So basically, Americans still spending and it will help GDP.
Falling gasoline prices in June are forecast to produce the first month-over-month decline in the Consumer Price Index in six years, with annual inflation falling below 4%.
Ordinarily good news, but with renewed fighting, gas prices are rising again.
And more important to the Fed, core prices are forecast unchanged, suggesting no improvement in underlying inflation.
And no doubt that will be the predicate for House members questioning Fed Chair Kevin Walsh 90 minutes after the CPI report is released.
The new Fed leader has vowed to bring inflation under control.
It hasn't reached the central bank's 2% target in more than five years.
Lawmakers will be focused on whether Walsh thinks interest rates will have to rise to get there, something President Trump has warned against.
They may not get much of an answer.
Warsh has pledged to limit Fed guidance on rates.
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