Macroeconomics, global markets, and economic research by Anna Wong
Bloomberg Price Project set to launch soon, Anna Wong notes
The Bloomberg Price Project will launch at the end of the month. Anna Wong said the project is already highlighting a rise in video streaming service prices for tomorrow’s U.S. CPI report, ...
Anna Wong: U.S. fiscal sustainability may depend on reducing obesity
Anna Wong highlights the importance of fiscal sustainability for the U.S., pointing out that neither political party is moving toward fiscal austerity, except for the use of tariffs. She ...
Labor market reached bottom in September 2025, Anna Wong notes
Anna Wong says that September 2025 is identified as the bottom of the labor market and that this period was previously viewed as the onset of early business cycle dynamics. She expresses ...
Anna Wong: Labor share decline makes inflation harder to accelerate
Anna Wong argues that the K-shape economy, which reflects diverging trends in the labor market, wealth, and consumption, is helping to keep inflation expectations anchored. She observes that the ...
NSA print appears weaker than forecast despite robust SA result, Anna Wong notes
Anna Wong highlights that the NSA data for August was actually weaker than anticipated, even though the seasonally adjusted (SA) figure appeared unusually strong. She suggests that last month's ...
Anna Wong: Core PCE inflation remains near 2 percent in recent months
Anna Wong highlights that core PCE inflation has remained on track at around 2 percent over the past few months. She also notes that Warsh’s PCE inflation diffusion metric declined in August, ...
Aramco addresses risk premium with internal tankers, Anna Wong notes
Anna Wong points out that Aramco benefits from access to its own sizable tanker fleet. She highlights that this capability allows the company to manage war insurance coverage and risk premiums ...
Anna Wong: Tariff refunds and shortages define latest earnings season
Anna Wong outlines key themes from the latest earnings season, focusing on the impact of tariff refunds and supply shortages. According to Wong, tariff refunds have provided a boost to company ...
One-off inflation fall influenced policy decision, Anna Wong argues
Anna Wong highlights how, in October 2017, then Fed chair Janet Yellen commented on a temporary fall in inflation due to wireless phone services. Wong questions the wisdom of allowing this ...
Anna Wong: Bloomberg Price Project finds mixed inflation signals in economy
Anna Wong highlights that the Bloomberg Price Project is observing both disinflationary and inflationary impulses within the economy. The update points to a complex picture for price movements as ...
Investment surge and 3 percent productivity growth likely, Anna Wong estimates
Anna Wong suggests that the current investment boom may be twice as large as reflected in official national accounts. Wong also indicates that, following potential revisions similar to those in ...
Anna Wong: Europe now faces global imbalances similar to U.S. experience in 2000s
Anna Wong highlights a shift in Europe’s economic landscape, observing that the region is now encountering global imbalances similar to those experienced by the U.S. in the 2000s. She points to ...
Negative payroll possibility questions Fed hikes, Anna Wong notes
Anna Wong raises the possibility that the upcoming U.S. payrolls data could disappoint, with a notable chance that the figure could be negative. She points out that, in the modern era, there is ...
Anna Wong: Tariff accounted for about 20 percent of retail price last year
Anna Wong reported that last year, the tariff contributed to approximately 20 percent of the retail price in real time. She emphasized the consistency of this reporting throughout the ...
Current criteria would exclude Jay Powell and Paul Volcker as economists, Anna Wong notes
Anna Wong questions the criteria used to define who qualifies as an economist, suggesting that by such standards, most economists working on Wall Street and in government would not meet the ...
Anna Wong: Bond market may react to potential Treasury-Fed accord
Anna Wong highlights that the bond market may face renewed volatility if discussions around a Treasury-Fed accord gain momentum. She points to the focus of Fed independence advocates and ...
China earnings trends shift this quarter, Anna Wong flags
Anna Wong highlights that recent earnings reports, referred to as the Orange Book, are suddenly signaling weakness in China this quarter. She points to this as an emergent trend that may warrant ...
Anna Wong: Tariff impact on U.S. inflation is fading
Anna Wong highlights that while the Federal Reserve remains concerned about inflation, tariff effects are no longer a significant contributor according to the Bloomberg Price Project. She ...
Inflation measures show unusual gap from PCE, Anna Wong notes
Anna Wong observes that both core CPI and unit labor costs point to underlying inflation approaching 2 percent. She notes that, historically, core PCE would typically move in tandem with these ...
Anna Wong: Williams challenges staff view on inflation
Anna Wong points out that Williams has taken an inflation assessment that differs from the view of his own staff. She indicates agreement with Williams’s position on ...
Fed rate hike delivers activity loss, Anna Wong argues
Anna Wong questions the effectiveness of a potential Federal Reserve rate hike, arguing that hiking tomorrow would not deliver any disinflation gain this year but would result in more immediate ...
