I’m pretty unforgiving by now when it comes to face-value assessments of monthly macro releases
Category: economy
(Shopping) Bag Holders
The last macro update of the week from the world’s largest economy beat on the
There’s A Storm Coming, Jay
Jerome Powell stood up in front of some people and read from a script on
No ‘Guts,’ No Glory
Data. Who needs it? Not America’s data-dependent monetary authority, that’s for sure. Just ask this
Save Us, Don!
“Voters aren’t stupid.” So said SocGen’s Albert Edwards on Thursday. I can’t speak for voters
Charge It To The Game
If you were curious, Americans had nearly $1.2 trillion in credit card debt as of
Core Inflation Stuck As Fed Leaves Job Unfinished
Underlying inflation in the US ran warm again in October, this week’s marquee macro release
Fed Consumer Poll Paints Upbeat Picture
The New York Fed released its consumer expectations report on Tuesday. Who’s excited?! These releases
Grab ‘Em By The Surplus
“I think it is mainly down to Trump. The threat is becoming more real.” So
Rope: Read And Understand Operator’s Manual Before Using
Donald Trump will command a majority of headlines in the days ahead, but a bevy
To Shop Or Not To Shop
The US consumer mood brightened early this month, according to the preliminary read on the
Surprise! US Services Sector Still Going Strong
The US services sector is holding up well, data released on Tuesday showed. That’s not
US Factory Recession Worsens, Morphs Into Stagflation
Widgets. They don’t make ’em like they used to. They don’t make ’em where they
Thank You, Hurricanes
The US economy added virtually no jobs in October on net, according to data which
Where’s The Fire Now?
I’m a broken record: The Fed should keep rates unchanged at the November policy meeting.
Necessary But Not Sufficient
Good news for a Fed that was (probably) going to cut anyway: Jerome Powell’s favorite
ECB Flummoxed By Abrupt Data U-Turn
A warm GDP release and now an inflation overshoot. Maybe the ECB should’ve waited for
Free-Spending Americans, Blockbuster Hiring May Complicate Fed Decision
The US economy’s doing pretty well. In aggregate. Note the caveat: In aggregate. There’s absolutely
In Europe, A Dead Cat Bounce?
For the longest time, Europe’s moribund growth profile meant the ECB’s biggest worry was deflation
US Home Price Growth Slows, But Main Street Gut-Punched By Rate-Rise
US home appreciation slowed as summer drew to a close, according to Tuesday’s update on
Traders Brace For Macro-Market Circus Ahead Of US Election
Brace yourselves: The days leading into the US jobs report will be busy. Every now
Who Wants These Dull Boxes?
Americans bought new homes in September at the fastest annual rate in 16 months, according
Bulletproof Services Drive ‘Robust’ Start To Q4 For US Economy
The US economy kicked off Q4 growing at a 2.5% clip. That was the implication
About That ‘Surge’ In Jobless Claims…
Two weeks ago, jobless claims in the US ostensibly spiked. I say “ostensibly” as though
Pre-Existing Conditions
You might’ve argued — and some forecasters apparently did — that existing home sales in
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