Listen, I don’t know the first thing about Beth Hammack. No matter how many times
Category: economy
US Property Prices Score More Records On Marquee Index
“Another all-time high.” That was the overarching message from Tuesday’s update on America’s marquee gauge
Hope Seen Floating In Fed’s Preferred Inflation Measure
Core price growth on the Fed’s preferred inflation measure probably downshifted to 0.2% last month.
Revisions To Marquee Sentiment Survey Offer Glimmer Of Hope
At least it wasn’t revised lower. The final read on University of Michigan sentiment for
New US Home Sales Fall, Prices Jump In Heavily-Revised Data
New US home sales fell twice as much as expected in April, data released on
Fed’s Inflation Goal ‘Elusive’ As US Economy Picks Back Up
So much for the slowdown. Business activity in the US picked up markedly in May,
Rejoice. Despair. The Homes Keep Appreciating
Rejoice current US homeowners: Median home prices hit a new April record last month, near
A Nasty Inflation Surprise
There was “nasty” inflation news on Wednesday and it prompted a “huge” move in bond
Fed Chatter, UK Inflation In Focus Amid Sparse Macro Calendar
The first thing you should know about the week ahead is that the list of
Xi’s ‘Two-Speed Recovery’ Is Another Geopolitical Flashpoint
The Chinese economy’s in a pretty tough spot. Maybe you noticed. Sweeping measures unveiled Friday
China Drops Mortgage Rate Floor, Rolls Out Home-Buying Scheme
China’s finally getting serious about rescuing the country’s beleaguered property market. On Friday, more than
US Homebuilders Are Out Of Patience
Given the trajectory of US homebuilder sentiment (which stalled in April and deteriorated in May),
Statistics Bulletin Makes Headlines
Mind the fifth decimal place! Parse the nuance! Run the whole thing through a supercomputer!
When You Lose The Consumer…
Last month, Americans spent more on flatscreens, lumber, watering cans, groceries, gas, clothes and restaurant
Imagine A World
Imagine a world where Fed officials were required to say something new, or at least
Fed Suffers Another Setback
Bad news, everybody: US producer prices rose far faster than expected last month, a development
Attenuated Progress
Americans’ near-term inflation expectations are drifting higher again. That’s not the best news. Inflation’s in
US Inflation Update Takes Center Stage In New Week
The macro docket’s not exactly “crowded” this week, but there’s enough on the schedule to
Dictatorial Data
Chinese macro releases are a bit of a rabbit hole. Beijing leaves a lot to
US Consumer Sentiment Plunges
The mood among US consumers darkened considerably in early May, this week’s only top-tier US
The Sky’s Falling
Unfurl your “Sky Is Falling!” banners. Dredge up your best recession hyperbole. And most importantly,
Rate Relief No Consolation For America’s Priced-Out Homeowner Hopefuls
Guess what? The cost of financing half-million-dollar, wooden boxes over three decades fell appreciably last
Did Americans Just Put Away The Credit Cards?
Is the incorrigible American spendthrift finally exhausted? I don’t know how many times I’ve posed
Data Void Leaves Traders In Limbo
There’s very little on offer in the way of fundamental macro inputs this week. In
Yelling ‘Stagflation!’ In A Crowded Theater
Don’t celebrate just yet. Investors were all set to bid up equities following a “Goldilocks”
Jobs Report: Goldilocks Is In The Eye Of The Beholder
Goldilocks or bust. The US economy added 175,000 jobs in April, the BLS said Friday
Heretical Heterodoxy
If Jerome Powell made anything clear during his May 1 press conference (and I’m not
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