“Some of us sell-side macro commentators might be more predisposed to hyperbole than others.” So
Category: economy
Inflation Report Sends Mixed Message Ahead Of FOMC
Overall consumer prices edged higher in the US last month from October, while core price
The Last Week Of The Year
This may as well be the last week of the year for macro observers. The
Inflation Expectations Drop Most Since 2009, Sentiment Soars
If markets needed a dovish offset for a warm US jobs report, a meaningful deceleration
Warm US Jobs Report Leaves Macro Narrative Mostly Intact
The US economy added 199,000 jobs in November, Friday’s hotly-anticipated government release showed. That was
McElligott On 2024’s ‘Big Macro Mystery’
There’s a “big mystery” about 2024. It’s related to the “one question” I posed previously
Claims And Cuts
For the better part of two months, recurring jobless claims in the US served as
US Private Hiring Cools, Wage Growth Slows
Private sector employers in the US added 103,000 jobs in November, ADP said Wednesday. That
Immaculate Disinflation Lives In Favorable JOLTS
There were more than half a million fewer US job openings on the final business
Resilient Goldilocks Meme Bedevils Pessimists
If job openings overshot in this week’s closely-watched JOLTS report, an upbeat read on services
‘No Meaningful Conviction’
Market observers employed hopelessly outdated colloquialisms to describe subdued sentiment at the beginning of the
US Jobs Report Takes Center Stage As Fed Goes Quiet
A raft of top-tier US economic data due this week will help traders refine Fed
US Manufacturing Still Mired In Contraction
US manufacturing disappointed again. The marquee gauge of factory activity across the world’s largest economy
Would-Be American Homebuyers Find No Respite From Housing Debacle
The good news is, US pending home sales fell less than expected in October. The
Sea Change Narrative Intact After Key US Inflation, Spending Data
Crucial personal spending and inflation data out of the US came in largely as expected
Victory? Inflation Target Comes Into View For Shell-Shocked ECB
Inflation is basically back to target in Europe. I can hear the jeers and protests
GDP Revisions Skew Dovish Despite Hotter Headline
Given the momentum behind the bond rally and, now, the bull steepener, it was very
‘Increasingly Confident’
If the Fed’s concerned about their financial conditions reflexivity predicament, they aren’t showing it. Chris
Deep Thoughts On The American Consumer
A gauge of US consumer expectations still points to recession over the next 12 months.
US Home Prices Hit New Records In Late Summer
US home price gains accelerated in September, according to updates on two key national gauges
New Home Prices Plunge Most Ever
New home sales fell more than expected in the US last month, the first of
Inflation Updates Offer Litmus Test For 2024 Rate Cut Bets
Inflation updates from both the US and Europe top the macro agenda in the new
Germany At Risk Of Two-Year Stagnation Amid Court Ruling, Debt Charade
Germany is in a tough spot. Data released on Friday confirmed the world’s fourth-largest economy
Jobless Claims Continue To Vex Recession Calls
Jobless claims in the US steadfastly refuse to cooperate with, let alone corroborate, recession narratives.
The Homes Are As Scarce As They Are Expensive
Surprise! Existing US home sales fell again in October, data released on Tuesday showed. The
The S&P, The Economy And Joe Biden’s 2024 Odds
It’ll be all about sequencing for the S&P next year. That was one message from
Give Thanks
It’s a short trading week in the US, where Americans will gather with family members
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