Chinese macro releases are a bit of a rabbit hole. Beijing leaves a lot to
Category: economy
US Consumer Sentiment Plunges
The mood among US consumers darkened considerably in early May, this week’s only top-tier US
The Sky’s Falling
Unfurl your “Sky Is Falling!” banners. Dredge up your best recession hyperbole. And most importantly,
Rate Relief No Consolation For America’s Priced-Out Homeowner Hopefuls
Guess what? The cost of financing half-million-dollar, wooden boxes over three decades fell appreciably last
Did Americans Just Put Away The Credit Cards?
Is the incorrigible American spendthrift finally exhausted? I don’t know how many times I’ve posed
Data Void Leaves Traders In Limbo
There’s very little on offer in the way of fundamental macro inputs this week. In
Yelling ‘Stagflation!’ In A Crowded Theater
Don’t celebrate just yet. Investors were all set to bid up equities following a “Goldilocks”
Jobs Report: Goldilocks Is In The Eye Of The Beholder
Goldilocks or bust. The US economy added 175,000 jobs in April, the BLS said Friday
US Labor Costs Jump, Productivity Underwhelms In Bad Inflation Omen
In an incrementally discouraging development for US policymakers, the first estimate of Q1 labor productivity
Stagflation!
The marquee gauge of US factory activity slipped back below the threshold separating expansion from
US Labor Market Bulletproof As Private Hiring Strong Again
Private sector employers in the US added nearly 200,000 jobs in April, ADP said Wednesday.
There’s A Storm Coming, Mr. Wayne
Homes. People need them, but people can’t afford them. That rather unfortunate state of affairs,
Consumer Confidence Crumbles In Blow To Biden As Election Nears
Perceptions of the US economy darkened a third month in April pushing a key gauge
Nail In The Coffin: Hot Comp Costs Rule Out Fed Cuts
Bad news for doves: A key gauge of employment costs watched closely by Fed officials
Flood Of European Macro Data Is Giant Waste Of Time
Inflation in Europe was “stable” this month and the bloc’s economy managed a respectable growth
Treasury Surprises With Borrowing Estimate Overshoot
Market participants expecting high drama from Treasury’s financing estimate on Monday were left wanting. Headed
Traders Brace For Macro Tsunami In Fed Week
It’s one of “those” weeks on the US macro front. By that I mean the
Fed Dodges Bullet In ‘Could’ve Been Worse’ Inflation Report
Personal spending was stronger than expected last month and core inflation remained stubborn, the last
Not Goldilocks: Core Inflation Overshoots In Mixed US GDP Report
The US economic expansion slowed meaningfully over the first three months of 2024, data released
Super Hot ‘Supercore’ Torches 2024 Rate Cut Odds
About those rate cuts. They aren’t coming. Not from the Fed. Not soon. The advance
US Mortgage Rates Trek Higher, Squeezing Buyers Anew
Mortgage rates. They’re high. Or at least they surely seem that way to aspiring homeowners
America’s Housing Market Is A Sad Punchline
New homes. They’re expensive, chintzy, hastily-built and typically arranged in dystopian, crowded rows, such that
PMIs Point To Services Sector Job Losses, Rekindled Goods Inflation
Activity across the implacable US economy nearly stalled early this month, data released on Tuesday
US Home Prices Scale New March Record As Affordability Crisis Spirals
Existing home sales retreated as expected in March, snapping a two-month run of gains. That’s
Albert Edwards Says China’s Deflation Problem Needs More Attention
If you ask SocGen’s Albert Edwards — a man who knows a thing or five
6% Services Inflation Vexes UK As Sunak Looks For ‘Feel-Good’ Rate Cuts
Sticky inflation’s not just a US problem. Services sector price growth in the UK remained
Awful New Construction Data Underlines Enduring US Housing Dilemma
The US housing market remains stuck in a kind of limbo. The pace of new
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