Surprise! The two-month re-acceleration in US pending home sales translated into a blockbuster month for
Category: economy
Goldman On The Fed: ‘The Inflation Fight Can Wait Six Weeks’
Over the weekend, during an interview with Fareed Zakaria, Lloyd Blankfein said that in his
Amazon Job Cuts Spread To AWS
Ok, let’s recap how we got here. In late April of last year, while unveiling
China’s Economic Recovery Questioned As PBoC Retains Easing Bias
Allegedly, China’s economic recovery was going so well last month that Party officials were taken
America’s Mood Was Already Worsening On Eve Of Bank Crisis
There wasn’t much to be gleaned about America’s still simmering bank crisis from the preliminary
Nascent Housing Recovery Faces New Test In Regional Bank Crisis
Not surprisingly, US mortgage rates dropped over the last week alongside falling US yields. The
US Jobless Claims Plunge Most Since July
So much for the spike in US jobless claims. Last week, data showed initial filers
Bank Drama Hits GDP Forecasts As Goldman Cuts US Outlook
What a difference a few weeks makes. This time last month, market participants were convinced
Fed ‘Pause’ Hopes Get Boost From PPI Drop
US producer prices unexpectedly fell last month, data released on Wednesday showed. Separate figures, released
Inflation Argues For Fed Hikes, But Bank Turmoil Eyed
Core inflation in the US rose slightly more than expected last month from January, data
Regulatory And Policy Failures Made SVB A Grenade
By now (where in this case “by now” means barely four days after everybody woke
Warnings, Panic, Shock: SVB Collapse Shakes Nation
“Our sense of the range of institutions under scrutiny is that any issues are finite
America May Face Wave Of Bank Runs, Failures Without SVB Backstop
The path forward following the Silicon Valley Bank fiasco looks pretty binary. One of two
US Jobs Report Comes Up Favorable For Fed
The US economy added a consensus-topping 311,000 jobs in February, the government said Friday. Economists
America’s Jobless Ranks Swell
“Good” news! US jobless claims rose sharply last week. Note the scare quotes. Generally speaking,
Progress Towards US Labor Market Balance Maddeningly Slow
US job openings were 10.824 million as of the last business day of January, critical
US Wage Growth Still Scorching As ADP Beats
US private sector employers added 242,000 jobs in February, ADP said Wednesday. That was more
Powell Says May Need Faster Hikes. Terminal Rate Likely Higher
The Fed is ready to re-accelerate the pace of rate hikes if necessary, Jerome Powell
6% Or Higher Rates Possible On Hot US Spending: Goldman
What if the world’s largest economy refuses to decelerate? That’s the $26 trillion question looming
What To Make Of China’s ‘Low’ Growth Target
There were three general takeaways from what I described as China’s “cautious” growth target for
Fed May Need To Torch $30 Trillion To Tame Inflation
The Fed’s credibility problem is beginning to grow again. And no, I don’t mean the
Inflation Is Embedded In The US Services Sector
Friday’s hotly-anticipated read on the state of the US services sector was good, but it
US Home Prices Fall First Time In 11 Years. But…
It was inevitable, but now it’s official. Sort of. US home prices are falling on
Stargazers
We may be living through the early stages of a “historically unique period.” In the
Disappearing Disinflation
This week’s only marquee data release out of the world’s largest economy was amenable to
Mortgage Apps At New 28-Year Low In Sad ‘Nobody’s Market’
US mortgage rates rose to the highest since November last week, putting further pressure on
China’s Recovery Proceeding Well, China Says
The leadership in Beijing was taken aback both by how rapidly COVID spread across the
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