The US economy added slightly more jobs than expected in May, but payroll growth was
Category: economy
Slower Hiring And Layoff Notices: Welcome To The Golden Age!
Death by a thousand second-tier macro reports. On the heels of a very poor ISM
$2.4 Trillion In Red Ink. And For What?
Donald Trump’s “big, beautiful bill” has a PR problem. Specifically, some Republicans — both on
New Orders Plummet, Price Pressures Build In US Services
Another swing, another miss. June 4, 2025, will go down as a session during which
US Home Sellers Outnumber Buyers By Record Half-Million
If you make $100,000 or more, can scrape together a respectable downpayment and your credit
Private Hiring Slows To Crawl In America Amid Tariff Chaos
Did the US labor market just turn? Is the recession here? Should you board up
US Job Openings, Hires Rise Despite Macro Angst
There were 7.391 million job openings across the world’s largest economy on the last business
Tariff Man Crashes Global Growth Forecasts
The OECD doesn’t love Donald Trump’s tariffs. “[T]oday’s policy uncertainty is weakening trade and investment,
‘Raising Hell’
The first of this week’s top-tier US macro data was underwhelming, at best. No one
Labor Market Linchpin
It’s the first week of the month and you know what that means: A full data
Americans Remain Deeply Depressed Despite Tariff Pause
Good news. Or maybe I should say news that’s less bad. The final word on
Four Years Later, Fed Finds Price Stability
As expected, the Fed’s preferred measure of inflation was benign in data released on Friday.
Pending Home Sales Collapse Again In Hopeless US Housing
It was a false dawn. Another one. Following a blockbuster gain to kick off the
Brake Slam
Bad news. Or maybe it’s good news to the extent slower growth relieves some of
Treasury Selloff Is Insult To Injury For US Housing Crisis
Remember when Scott Bessent was going to reduce financing costs for everyday, middle-income Americans like
US Home Price Growth Slows, Luxury Market Hit By Stock Crash
The annual pace of home price growth as measured by the marquee gauge of US
Trump Engineers Epic Confidence Reversal With China Tariff Pause
While previewing this week’s slate of US macro releases, I suggested consumer confidence was likely
For $1.8 Trillion In Student Loans, It’s Payback Time
Student loans are in the news and I feel like I should say something about
Confidence Game
There’s enough on the calendar to keep macro watchers engaged this week, although the unofficial
New Homes: Get ‘Em While Builders Are Desperate
If you’re looking for a discount on a new construction, now’s the time. That was
‘A Straight 50%’
Donald Trump’s so over it. By “it,” I mean recalcitrance in Brussels, where EU officials
Spring Buying Season Goes Bust As Existing Home Sales Fall Again
Surprise! Existing US home sales fell last month, according to Thursday’s update from the recognized
The US Economy’s Fine. But Businesses Hate The Tariffs
Breaking news: The US economy’s fine. More or less. That was the message from preliminary
US Home Prices Just… Fell?
Don’t look now, but US home prices just fell. I realize that might elicit some
Bad Vibes, Impending Gloom
A couple of days ago, in “Anomaly,” I noted that the so-called “vibecession” which defined
Man Of Destiny
One obvious read-across from the US-China trade “truce” is less urgency in Beijing to implement
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