For the first time since 1982, labor productivity in the US has fallen for three
Category: economy
Mighty US Services Sector Stares Down ‘Challenges’
Hot on the heels of a cool read on US factory activity, markets were treated
UK Faces Unimaginably Cruel Two Years, BoE Forecasts Suggest
The Bank of England on Thursday hiked rates by 75bps. It was a landmark moment.
Really Strong, Really Uneven
Despair, dear friends. Despair. US private sector employers added more jobs last month than any
‘Soft Landing’ Hopes Electrocuted By Million-Volt JOLTS Beat
Crucial labor market data released a day ahead of the Fed’s November policy meeting suggested
Good News, Bad News And Vice Versa
US factory activity is on the verge of contracting. That’s the bad news. The good
It’s Bad In Europe
Surprise! European inflation printed ahead of estimates for the sixth consecutive month. Consumer prices likely
Why Goldman Thinks The Fed May Hike Past February
Notwithstanding an inevitable “step-down” in the pace, Jerome Powell’s Fed may find itself compelled to
Labor Of Dove
In addition to Jerome Powell’s all-important post-FOMC press conference, markets will grapple in the days
What To Expect From Jerome Powell’s All-Important Presser
Jerome Powell needs to balance three considerations at the November FOMC meeting. Most obviously, there’s
Pivot Buzz Looses Dangerous Animal Spirits
“It’s certainly bold from a timing perspective,” Nomura’s Charlie McElligott said. He was referring to
Bad Pivot Optics, And A Harsh Word On Japan
To be fair, there won’t likely be an identifiable all-clear moment for inflation — no
Blame Big Oil
26 months ago, almost to the day, the financial pages were awash with news of
Housing Crash Pending
The last of this week’s key housing market data was dastardly. Maybe that’s hyperbole. I’ll
Between Two Recessions
The US consumer is resilient. Or at least that’ll be the narrative until there’s conclusive
Impossibly Wild 2022 Sets Up Near Certainty For 2023
Some believe the subtle shift in central bank behavior witnessed over the past month means
‘Recession Over’ Jokes Mask Weaker US Economy
Rejoice. The US has exited recession. There’s some sarcasm in there. Don’t miss it. After
Is Canada’s Monetary Policy Hopelessly Politicized?
You need the nuance. It’s critical. Hold that thought. The Bank of Canada underwhelmed markets
New US Home Prices Reaccelerate As Mortgage Rates Top 7%
New home sales held up better than expected in the US last month, data out
Pace Of US Home Price Gains Falls Most Ever. Again
The Fed’s efforts to pop a housing bubble they helped facilitate are working. The pace
Stubborn Inflation Has Americans In ‘Dismal’ Mood
In yet another sign that the US economy is poised to decelerate after what economists
‘Large Inflation Downshift’ Coming, JPMorgan Says. But…
“The baseline remains,” JPMorgan strategists wrote Monday, summarizing the bank’s views across assets and markets.
US Economy Started Q4 On Thin Ice, PMIs Suggest
If bad news is good news, there was good news Monday. Or something. US business
Commandment Economy
A week ago, while documenting Xi Jinping’s muscular speech to open the 20th National Congress,
Europe’s Woes Worsen On Eve Of Mammoth ECB Hike
The economic outlook for Europe continued to darken early this month, according to preliminary readings
Meanwhile, Back At The Ranch…
Between the de facto institution of one-man rule in China, the ongoing destruction of civilian
You must be logged in to post a comment.