“The latest inflation figures… confirm the necessity of a gradual but resolute monetary normalization,” Francois
Category: economy
US Consumer Confidence Holds Up. With Caveats
Optimists claimed a small victory in the tug of war for control of the macro
Normal. With Chinese Characteristics
Investor sentiment was a semblance of buoyant to start the new week as China eased
The Myth Of Americans’ ‘Extra’ Dollars
Part and parcel of most constructive takes on the US economy in 2022 is the
Peak Inflation? Save Your ‘Nuance’
Key personal income and spending data released Friday came in largely as expected, a relief
‘Slowest In Nearly A Decade’: Pending Home Sales Drop Again
Pending home sales in the US fell more than expected in April, data out Thursday
Surveys Show US Economy Slowing In Real Time
A report showing a veritable plunge in new home sales wasn’t the only US data
Will ‘The Big Change’ Macro Theory Go Bust?
In “Trial By Fire: Are Corporate Profits About To Plunge?” I made a casual observation
So, You’re Finally Awake To America’s Inventory Problem
It wasn’t so long ago that the idea of “excess” anything seemed patently absurd. The
Existing Home Sales Drop Again. More Declines Called ‘Imminent’
More cracks in the foundation? Or perhaps it’s “just a supply thing.” You can write
Expectations Crash In Poor Philly Fed Survey
Strike up the recession band. Just three days after Empire manufacturing plunged the most since
Mr. Powell, Tear Down This Housing Bubble!
US housing starts and building permits fell in April, data out Wednesday showed. Markets are
UK’s Inflation Crisis Rolls On, Jolted By Energy Shock
The UK’s cost of living crisis escalated in April, when consumer prices rose the most
Americans Kept Shopping In April. Maybe That’s Bad
US retail sales were solid in April, closely watched data out Tuesday suggested. The headline
Wild Drop In Empire Gauge Fans US Growth Fears
On Sunday, I wrote that May prints on the Empire and Philly gauges (both due
‘Panic,’ ‘Chaos’ Feared As India Bans Wheat Exports
The global macro outlook took another turn for the apocalyptic on Saturday, as the world
Markets Get More Bad News As Pipeline Inflation Pervasive
US producer prices accelerated at a double-digit annual pace for the fifth consecutive month in
Dudley Chides Fed’s ‘Sugarcoating.’ El-Erian Warns Of Inflation ‘Crisis’
In late March, around the time the 2s10s inverted, Bill Dudley penned a somewhat abrasive Op-Ed for
Fed, Voters Get Another Disastrous Inflation Report
US consumer prices rose more than expected in April, closely-watched data out Wednesday showed. The
Explaining The US Economy’s ‘Since 1947’ Moment
In what I’d be inclined to call another blow to constructive takes on the outlook
Powell Shoots Down 75, But Talks Tough On Inflation
“In principle,” the Fed can cool the labor market and bring supply and demand back
US Small Business Hiring Collapsed In April, Alarming Data Shows
US private sector employers added 247,000 jobs in April, ADP said Wednesday. That was far
US Services Sector Struggles With Pervasive, Familiar Constraints
The US services sector expanded at a slower-than-expected rate in April thanks to pervasive distortions
Americans Keep Quitting By The Millions
Anyone expecting signs of an abatement in America’s so-called “Great Resignation” was disappointed on Tuesday.
Key Factory Gauge Misses Badly, Perpetuating US Growth Panic
The first of this week’s top-tier US data disappointed. Traders and investors are on high
Jobs Report, Refunding, ISM Confront Fed-Obsessed Traders
Jerome Powell is undoubtedly the focal point for markets in the new week. The FOMC
Scorching Wages Hide Record Drop In Inflation-Adjusted Pay
Headed into the weekend, top-tier US data provided some incremental evidence to support the contention
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