Fed officials, including Jerome Powell at last week’s post-FOMC press conference, have repeatedly cited elevated
Category: economy
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
Traders Brace For Macro Thriller As Huge Week Looms
It’s a hectic week for the macro community. A daunting bevy of data, including top-tier
Three Big Central Bank Decisions: What To Expect
The Fed will stay on hold this week. In a world plagued by terrifying uncertainty,
Spending Data Underscores Resilient Consumer Narrative
US consumer spending was more robust than expected in September, data released on Friday showed.
US Economy Evinces No Recession Inclinations
The US economy expanded at a blistering 4.9% annual rate last quarter, according to the
ECB’s Frantic Hike Out Of NIRP Ends. Future Uncertain
The ECB kept rates steady on Thursday, as expected. The decision was notable. Or as
New Home Sales Surge As Prices Plunge. Rates At 8%
New home sales exploded higher in September, data released on Wednesday in the US showed.
US Soft Landing ‘Likely,’ New PMIs Suggest
Economic activity picked up this month in the US, preliminary PMI data released on Tuesday
Winning The Life Lottery
Are we in a late-cycle backdrop? Or are we in the process of witnessing “immaculate
US Prepares GDP Scorcher As Fed Goes Silent
US economic exceptionalism should be on full display this week. The advance read on Q3
Albert Edwards Exposes China’s GDP ‘Beat’
In “Roses Are Red,” I gently suggested market participants should cast a wary eye at
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