The Fed will almost surely cut rates at the final FOMC meeting of 2024. In
Category: economy
Hell Freezes Over
It was predictable: The “stimmy” rally in Chinese equities would be seen, in hindsight, as
Chicken-Egg Problem
Producer price growth in the US came in warm for November, data released Thursday showed.
Make Jobless Claims Relevant Again?
For most of the current cycle in the US, jobless claims were largely inert such
They’re Cuttin’ Rates!
They’re cutting rates. Everybody’s cutting rates. On Thursday, at its final policy meeting of 2024,
Mortgage Rates Slip Again In Still-Tense US Housing Market
If you’re keeping track at home (or at “home,” with scare quotes, if you’re a
Wanted: Coherent Inflation Analysis
Mercifully for a Fed seen by some as willfully blind to a nascent, if not
Hook, Line And Sinker
Everyone knows, after all these years, how I feel about the average person, or I
Xi Jinping Needs To Refocus
Chinese export growth slowed from a 19-month high in November, missing estimates in the process
US CPI, ECB Rate Cut Top Macro Docket In New Week
It’s CPI week in the US, which doesn’t mean as much as it used to.
‘Fearing The Future,’ Americans Resort To Debt-Funded Stockpiling
Some articles write themselves. This is one of them. On Friday, the preliminary read on
Tariff Man, Comin’ Through!
Consumer sentiment in the US improved a fifth month, pushing America’s marquee mood gauge to
US Jobs Report Is Both Hot And Cold
The US economy added 227,000 jobs in November, the BLS said Friday. The NFP headline
Jobless Claims Low, Job Cuts High
For whatever it’s worth — not a lot — US jobless claims ticked up during
Hot US Services Sector Unexpectedly Cools
US services sector activity cooled off in November if you can believe it. The engine
US Private Hiring Steady, Pay Growth Firms
US private sector employers added 146,000 jobs on net last month, ADP said Wednesday, as
Quits Jump In Messy US Job Openings Release
US job openings rose more than expected and quits increased in the second of several
Be Careful Gao!
Be careful Gao, they’ll kill you! I’m just kidding. Only not. If you’re a Chinese
US Factory Recession Eases
Could’ve been worse. That, in a nutshell, was the takeaway from Monday’s update on the
Jobs Week Ahoy
US traders will return to their terminals after what, for most, was a four-day weekend,
Europe Grapples With Stagflation-Lite. Trump To Eye Weak Currency
Headline inflation’s back above target in Europe, but don’t worry, the ECB will probably cut
On The Housing Rollercoaster
Rejoice, renters! Financing costs for what one reader aptly described as hopelessly nondescript “people self-storage
US Core Inflation Warmest In Months As Tariffs Loom
Nominal spending was sturdy, inflation-adjusted spending less so, and core inflation was warm last month,
Trump’s Inheritance
The second estimate of Q3 US GDP, released on Wednesday, painted a similar picture to
Wishful Thinking
Way back last month, consumer confidence in the US soared the most since “stimmy” was
New Home Sales Plunge, Prices Rise In Still-Distorted US Housing
Sales of newly constructed US homes fell sharply in October, when the South was recovering
Give Thanks 2024
It’s Thanksgiving week in the US, and longtime readers know just how I feel about
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