Treasury’s quarterly financing estimate came in below the headline figure tipped three months ago, in
Category: economy
How Worried Should The World Be About China’s Economy?
How bad is the macro situation in China? It’s a crucial question. For China, yes,
Traders Face Impossibly Busy Stretch As Macro Meets Mega-Caps
“I mean, are you kidding me with this week’s event risk?” Nomura’s Charlie McElligott exclaimed,
Inequality Poised For Comeback In Election Year. (Not That It Ever Left)
We all know the narrative: Inequality worsened materially as a result of the monetary policy
Fed’s Favorite Core Inflation Gauge Falls Below 3%
The Fed’s preferred gauge of underlying price growth slipped below 3% in December, data out
Fed Gets Great Growth, 2% Inflation In Favorable GDP Release
The US economy expanded far faster than expected during the final three months of 2023,
US New Home Sales Rise As Prices Fall, Builders Offer Incentives
Americans bought cookie-cutter, fiber cement boxes at a faster-than-expected rate in December, another exciting update
Lagarde Fails To Dissuade Markets On ECB Rate-Cut Timing
The ECB kept rates on hold for a third consecutive meeting on Thursday. The outcome
‘Stuck In Recession’: Outlook For German Economy Worsens Further
Not that anyone needed another reminder about the parlous state of Europe’s largest economy, but
US Economy Basking In Goldilocks Glow, PMIs Suggest
US private sector business activity expanded at the briskest pace since June, preliminary data for
ECB Faces Moribund Growth, Sticky Services Inflation Amid Rate Cut Debate
The European economy is in a recession, basically, and price pressures, although no longer acute,
Are Fed Cuts Star-Crossed?
Where’s neutral? We still don’t know. Indeed, we can’t know. But sometimes, the data suggests
Market Looks To US GDP Release As Fed Goes Silent
For the next several sessions, US rates will take their cues from data and supply
Historic Distortions Push Home Sales To Lowest In Three Decades
Existing home sales in the US were the lowest in nearly 30 years in 2023.
US Consumer Sentiment Posts Largest Two-Month Gain Since 1991
Consumer moods brightened dramatically and inflation expectations receded further in early January, the preliminary read
UK Retail Sales Unexpectedly Plunge As Christmas Goes Wrong
“Wet weather in December will inevitably attract some of the blame,” ING’s James Smith wrote
US Jobless Claims Plunge, Adding To Case Against March Rate Cut
If you were looking for more evidence to suggest the US economy and labor market
Builder Mood Bolstered By Big Drop In Mortgage Rates
Homebuilders across America are feeling quite a bit better about things all of a sudden.
Doves Singed By Hot US Retail Sales
US retail sales were much stronger than expected in this week’s only top-tier data release
UK Inflation Rises, Burns Rate Cut Bets
Bad news: UK inflation ticked up in December. Headline consumer prices rose 4% last month,
Chinese Economy Is Giant Question Mark After Challenging Year
Congratulations to Beijing. China hit its growth goal for 2023 despite Xi Jinping’s best efforts
Is China Out Of Ideas To Rescue Its Economy?
China was supposed to cut rates on Monday. Consumer prices are flat in good months
Fed Speakers In Focus As Rate Cut Expectations Build
It’s another holiday-shortened week in the US. Traders coming off the three-day weekend (the third
One More Time: Chaos Is Normal. Calm Is The Outlier
Over and over again, day after day, market observers of all kinds (myself included, although
US Producer Prices Slow Again, But Red Sea Drama Poses Inflation Risk
If you were up all night worrying about the overshoot on headline CPI reported by
Soft Landing Bandwagon Welcomes A Big Name As Market Ponders CPI
Call off the soft landing. Larry Summers has joined the bandwagon. Normally that’d be funny.
US Inflation Report Warm, But Too Ambiguous To Alter Narratives
Inflation in the US was quicker than expected in December, data released on Thursday showed.
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