If Jerome Powell made a Christmas list, it’s safe to say a benign read on
Category: economy
New US Home Sales Unexpectedly Dive As Housing Roller Coaster Continues
New US home sales tumbled in November, according to volatile data released ahead of the
A Famous Deflationist On What’s Next For Bonds
Remember when US Treasurys were on track for an unprecedented third consecutive annual decline? I
It’s Working: Fed Messaging, Stock Rally Juice Consumer Confidence
Suddenly, Americans feel great. That’s not true. They’re pretty miserable actually. But in the 2020s,
‘Prices Keep Marching Higher’ As US Home Sales Recover
US existing home sales actually rose last month, data out Wednesday showed. That (an increase
A Good Day For The Bank Of England
The Bank of England caught another break on Wednesday with an unexpectedly favorable UK inflation
New US Home Construction Suddenly Booms
If you’re looking for evidence to support the idea that the recent easing in US
Morale Improves In Wild US Housing Amid Steep Drop In Mortgage Rates
US homebuilders were in a slightly better mood this month, survey data released on Monday
‘Permanent Crisis Mode’: Germany Limps Out Of 2023 In Rough Shape
If you’re wondering whether the fiscal fiasco in Germany impacted the business outlook for the
Before The Ham And Eggnog
It’s the week before Christmas. The macro-policy docket isn’t exactly sparse, but interest and engagement
Easier Financial Conditions Spotted In US Services Sector
If you’re looking for evidence that the US economy may slip into recession imminently, it
Europe Slides Toward Recession As ECB ‘Enjoys The View’ From Rate Mountain
The ECB “definitely did not discuss rate cuts” this week, Christine Lagarde insisted, after the
Strong Retail Sales, Low Jobless Claims Clash With Fed Cut Narrative
Initial jobless claims dropped sharply and US retail sales topped estimates in a one-two data
The American Dream Has Never Been Less Affordable
Houses: People need them, but people can’t afford them. It’s a problem when you need
Doves Get Small Break With Benign Read On US Producer Prices
In an incrementally dovish development, US producer prices were flat last month from October, data
Is There A Silver Lining In China’s Deflationary Doom Loop?
“Some of us sell-side macro commentators might be more predisposed to hyperbole than others.” So
Inflation Report Sends Mixed Message Ahead Of FOMC
Overall consumer prices edged higher in the US last month from October, while core price
The Last Week Of The Year
This may as well be the last week of the year for macro observers. The
Inflation Expectations Drop Most Since 2009, Sentiment Soars
If markets needed a dovish offset for a warm US jobs report, a meaningful deceleration
Warm US Jobs Report Leaves Macro Narrative Mostly Intact
The US economy added 199,000 jobs in November, Friday’s hotly-anticipated government release showed. That was
McElligott On 2024’s ‘Big Macro Mystery’
There’s a “big mystery” about 2024. It’s related to the “one question” I posed previously
Claims And Cuts
For the better part of two months, recurring jobless claims in the US served as
US Private Hiring Cools, Wage Growth Slows
Private sector employers in the US added 103,000 jobs in November, ADP said Wednesday. That
Immaculate Disinflation Lives In Favorable JOLTS
There were more than half a million fewer US job openings on the final business
Resilient Goldilocks Meme Bedevils Pessimists
If job openings overshot in this week’s closely-watched JOLTS report, an upbeat read on services
‘No Meaningful Conviction’
Market observers employed hopelessly outdated colloquialisms to describe subdued sentiment at the beginning of the
US Jobs Report Takes Center Stage As Fed Goes Quiet
A raft of top-tier US economic data due this week will help traders refine Fed
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