The world’s largest economy is booming, apparently. In the normal course of things, I don’t
Category: economy
Knock, Knock. Who’s There? 7%!
Yikes! Here’s hoping you weren’t counting on Donald Trump and Scott Bessent to deliver on
WTF: Buyer’s Market, Higher Prices?
Remember: It’s only a buyer’s market if you can afford to buy. US home prices
The Fed’s Never Been This Sure About The Jobs Market
No one who participated in the FOMC’s latest macro forecasting exercise viewed risks to the
Weekly: The Counterfactual
As a general rule, macro-market snark tends towards the conspiratorial only as it relates to
A Mixed Read On A Grim Housing Market
There was good news and bad news in Thursday’s update on residential construction in America.
Below 200k. Again.
Oh, look: US jobless claims are back below 200,000. In an ostensibly auspicious development for
Warsh Fed Hikes, Thank God
The Fed raised rates on Wednesday, thank God. I say “thank God” because a Fed
Bolstered By Stock Gains, Americans Keep Spending
The Fed needn’t worry about the US consumer when it comes to debating the merits
Trump’s ‘Achilles Heel’ May Raise Odds Of Energy Export Ban
Blame China. No, seriously. If you’re vexed by triple-digit crude and you need another scapegoat
Warsh Behind The Curve Already, Fund Managers Say
The Fed’s behind the curve. That was one message from the September vintage of BofA’s
Diesel Surge Eyed After US Consumers Tapped Brakes
The September FOMC meeting‘s not the only macro-market game in town this week, although it’ll
Would You Feel Better If I Gave You $5,000?
Guess what? US households were dejected early this month amid surging fuel costs and generalized
You Gotta Hike Now, Kevin
Friday’s all-important (and for once, “all-important” isn’t hyperbole) US CPI report overshot consensus on the
Wars Have Consequences
Wars have consequences. I’d tell you to ask George W. Bush, but he’d probably insist
China Paces For Another $1 Trillion ‘Win’
Xi Jinping’s on track to break his own trade surplus record. That was the overarching
Warsh Hangs His Hat On Friday’s Inflation Report
High drama! Late last week, Donald Trump warned Kevin Warsh not to raise rates at
Barnburner US Jobs Report Recasts Narrative
It’s a barnburner! The US economy added 162,000 jobs on net last month, the BLS
More Noise Than Signal
The world’s largest economy added exactly 36,517 jobs on net last month. That’s according to
AI Replacement Theme Abates As Job Cuts Subdued
Much as it pains me to be the bearer of good news, job cuts were
Payrolls Shrink At American Factories, AI-Vulnerable Service Firms
Womp, womp. Private hiring in the US was lackluster in August, Wednesday’s update from ADP
‘Annoying’ Economy, Rampant Inflation Weigh On Factory Recovery
America’s “golden age” manufacturing renaissance lost some of its luster in August, even as the
Minting Money
Corporate profits. They’re booming in America, on the off chance you didn’t notice. And no,
To Hire Or Not To Hire
Will America’s preeminent economic statistics outfit dare suggest the US economy lost jobs for a
BLS Stuns Consensus With Hiring Markdown
Surprise! The BLS’s preliminary run at the annual QCEW benchmarking exercise reflected a downward revision
Hawks In Grand Teton
I hope Jeff Schmid and Beth Hammack have their mortgage paperwork in order. On Thursday,
All That Interest Has To Go Somewhere…
Speaking of money market funds. Early Thursday, in “Money Musings,” I mentioned the ~$8 trillion
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