If hope still floated for a 50bps rate cut from Jerome Powell next week, Thursday’s
Category: economy
Goodbye 50?
While previewing this week’s US inflation update, I wrote that if you’re in the camp
Typical American Family Got Richer Last Year, Government Imagines
Do you feel richer? In real terms? Or in any other terms for that matter?
Great Leap Backwards
Different month, same contrast. The much-discussed divergence between China’s outbound shipments and imports was on
The Unfolding Tragedy Of Xi Jinping’s China
China could’ve ruled the world. All the government in Beijing had to do was pretend
Belle Époque
One’s a recovering alcoholic who still drinks wine “responsibly” and dreams of starting her own
US Inflation Update, ECB Rate Cut On Deck As Stocks Try To Recover
I’d say the size of the first Fed rate cut will be decided this week,
‘Decisive’ US Jobs Report Comes Up Inconclusive
Those looking for definitive answers to the myriad macro questions confronting investors and policymakers on
Mighty US Services Sector Thumbs Nose At Recession Narrative
The biggest part of the world’s largest economy held up in August, closely-watched survey data
US Private Hiring Cools Sharply As Job Cuts ‘Surge’
US private sector employers added fewer than 100,000 jobs in August, ADP said Thursday. The
US Jobless Claims Fall Again. Unit Labor Costs Rise Least In A Decade
If markets needed an offset for a weak read on US private sector hiring, jobless
1-To-1: US Labor Market Nears Normalization Milestone
Job openings across the world’s largest economy dropped to the lowest since January of 2021
What If Generative AI Isn’t The Revolution Nvidia Says It Is?
Jensen Huang lost $9.8 billion on paper in six hours this week. Don’t worry: He
America’s Factory Recession Rolls On
The first of this week’s top-tier US macro data came up short. A month on
It All Comes Down To One US Jobs Report
If you ask highly-paid forecasters, the US economy probably added 165,000 jobs in August. That’s
China’s Economic Woes Mount As Party Dithers
The Chinese economy’s a mess. I’ve run out of academic ways to say as much.
Fed Gets More Good Inflation News. Saving Rate Slips Below 3%
Consumer price growth on the Fed’s preferred metrics was benign last month, data released ahead
‘Government And Friends’
One bank sees recession canaries in the US jobs data. And I don’t mean the
Did US Housing Just Reach A Tipping Point?
Even if I were inclined to positive spin — and I’m obviously not — I’d
Have Jobs, Will Spend
If you came into Thursday’s US economic data looking for evidence of additional labor market
US Home Down Payments Soar To Record. Mortgage Rates Fall Again
Mortgages. Get ’em while they’re hot. Err, “cheap.” Financing costs for half-million dollar human self-storage
‘Mixed Feelings’
American consumers harbor “mixed feelings.” On one hand, they live in the US as opposed
US Home Prices Climb Further With 86% Of Mortgages Still Handcuffed
US home prices are still rising. “Breaking news,” I know. If you don’t own one
Can High Rates Stoke Inflation? Ask $3 Trillion
Somehow, it’s still controversial to suggest that rate hikes, and particularly the persistence of Fed
Inflation Updates Eyed In Post-Jackson Hole Trade
It’s the week before Labor Day, which means trader participation and conviction will be limited
Capitalist Suicide Cult
We — card-carrying members of a suicide cult called “capitalism” — tell ourselves a fantastical
Big Box Sales Boom
Sales of newly-constructed, cookie cutter, Hardie board boxes rose sharply in America last month, volatile
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