Bond bulls and those anticipating a Fed pivot early next year were handed another piece
Category: economy
US Producer Prices Drop Most Since 2020. Retail Sales Better Than Feared
US retail sales were firmer than expected in October, data released on Wednesday showed, but
Rishi Sunak Gets A ‘Win’
Headline inflation in the UK plunged in October, data released on Wednesday showed. The moderation
Fed Blessed With Favorable CPI Report. Rate Hikes Seen Finished
Consumer prices in the US rose less than expected last month, this week’s marquee macro
Morgan Stanley Sees Narrow Path To ‘Perfect Landing’
Year-ahead outlook pieces from Wall Street are replete with references to a navigable but narrow
Stubborn To The Core
Inflation figures due out of the US this week will probably underscore the Fed’s contention
Inflation Demon Resurfaces As Consumer Psychology Deteriorates
The inflation demon isn’t yet fully exorcized from the US economy. University of Michigan sentiment
Is $1.1 Trillion In Credit Card Debt Finally Catching Up To Americans?
Americans have quite a bit of credit card debt. Maybe you heard. Maybe you even
‘Just No Need For A Recession’: Goldman Delivers Optimistic 2024 Macro Outlook
Goldman is pretty optimistic about global growth and (dis)inflation in 2024. That was the overarching
Albert Edwards Conjures Milton Friedman In Warning Of 2024 Bust
“Is the big surprise for 2024 going to be a cyclical deflationary bust?” Readers can
Mortgage Rates Plunge. Share Of Homes With Price Drop Hits Record
Fed officials, including Jerome Powell at last week’s post-FOMC press conference, have repeatedly cited elevated
The ‘Golden Path’
Fed officials trafficked in colorful language on Tuesday while describing recent events and opining on
It Ain’t Over Till It’s Over
I hope we’re not all supposed to get upset every time a central banker expresses
Key Fed Survey Suggests Marginal Improvement In Credit Conditions
Market interest in the latest vintage of the Fed’s senior loan officer opinion survey was
All Eyes On Bonds
The data docket is mercifully sparse across the world’s largest economy this week. That’s a
Doves’ Dreams Come True In October Jobs Report
The US economy added 150,000 jobs in October and hiring was slower than initially reported
US Services Sector Cooperates In Further Boon To Inflation Fight
It was only fitting that the last of this week’s deluge of top-tier US macro
Albert Edwards Weighs In On BoJ, ‘Bonkers’ US Fiscal Policy
Albert Edwards isn’t optimistic about… well, anything really, but this week he’s concerned about America’s
A Dovish Hat Trick?
US investors were treated to a dovish hat trick on Thursday, when data showed productivity
US Labor Market Remains A Riddle
US job openings once again frustrated economists expecting evidence of labor market normalization. There were
Clouds Around US Manufacturing Darken
Bring out the recession predictions. America’s marquee gauge of manufacturing activity deteriorated meaningfully in October,
Robust Labor Market Severs Sentiment-Spending Link
US consumer confidence dropped to a five-month low in October, not surprising given dysfunction in
Labor Cost Measure Which Banished ‘Transitory’ Comes In Hot
A key measure of employment costs watched closely by the Fed rose more than expected
US Home Prices Hit New Records During Summer’s Dog Days
US home values rose more than expected during the dog days of summer, according to
Europe, China Struggle, Underscoring Stark Economic Divide With US
The increasingly stark divide between a still-thriving US economy and floundering activity in the rest
What Goldman Sees For US Inflation In 2024
Predictions are hard, especially about the future, as the old saying goes, but when you’re
World’s Fourth-Largest Economy Stuck In ‘Twilight Zone’
The world’s fourth-largest economy remains stuck in the “Twilight Zone,” as one bank put it
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