The US economy added 336,000 jobs last month, the most anticipated labor market report of
Category: economy
Crumbs For Doves
My guess would be September’s US labor market report, released on Friday, will be remembered
Jobless Claims Unmoved In Vexingly Resilient US Labor Market
Not surprisingly, US jobless claims remained stuck near the lowest levels of the year in
New Orders Slide In Potential Canary For US Services Sector
A crucial update on activity in the mighty US services sector was broadly in line
Private Sector Hiring Downshifts Sharply As Bond Bulls Look For Reprieve
If hemorrhaging bond bulls were praying for a downside miss from any of this week’s
Immaculate Disinflation Narrative Gets Unwelcome Jolt
In a somewhat disconcerting development for a Fed praying about “immaculate disinflation,” job openings across
US Manufacturing Stabilizes With All Eyes On Services
US manufacturing activity contracted for an 11th month in September, the first of this week’s
Open For Business
Visuals depicting Kevin McCarthy fist-bumping Steve Scalise (and Chuck Schumer flashing a double thumbs up)
Fed’s Core Inflation Gauge Cools Further As US Braces For Shutdown Data Blackout
Underlying inflation on the Fed’s preferred measure rose at the slowest monthly pace in nearly
Europe Gets Good Inflation News. With The Usual Caveats
There was good news on the inflation front in Europe Friday. Headline price growth probably
Pending Home Sales Plunge As Rates Soar In ‘Frozen’ Market
Pending home sales tumbled in August, a bad omen for already depressed existing home sales.
US Spending Revised Sharply Lower, Tempering Hawkish Jobless Claims
For the second week in a row, US jobless claims printed at rock-bottom levels, underscoring
As Mortgage Rates Soar, Georgia Caboose Is Bargain At $42,000
I’m not sure it’s worth mentioning at this point, but mortgage rates are still rising.
New Home Sales Drop With Prices Loitering Near Half A Million
The pace of new home sales in the US fell to a five-month low last
Consumer Confidence Tumbles Again On Plunging Expectations
US consumer confidence slipped in September, according to this month’s update on the Conference Board
US Home Prices Notch New Record, Threatening Inflation Fight
US home prices rose for six consecutive months midway through summer, data released on Tuesday
American Consumer Seen Stretched With Two-Thirds Of COVID Savings Gone
If you’re forecasting a material deceleration in US economic activity during Q4, you should stop.
Buckle Up: Higher For Longer = Hard Landing
I was skeptical of the so-called “Wile E. Coyote” moment narrative for the US economy. “Was,”
US Economy Is Cooling, PMIs Suggest. Will Bonds Care?
Preliminary PMI data for the US released on Friday offered few surprises, which was just
In Europe, More Stagflation
Activity data released on Friday offered scant evidence to suggest the European economy can avoid
Things Fall Apart
Is everything about to fall apart? Yes, surely. It’s just a matter of what you
Existing Home Sales Drop Again As Median Wooden Box Goes For $400,000
US existing home sales fell again in August, and prices were higher compared to the
Bank Of England ‘Surprises’ With Confused Hold
Consensus is lacking at the Bank of England. The BoE on Thursday kept rates on
UK Is Winning Inflation Fight, ‘Plain And Simple’
“Bloody hell! It’s about time.” Or something. However you’d express exasperated gratitude for good news
OECD Update Underscores US-China Economic Divergence
The OECD is concerned about the outlook for the global economy. That’s a tautology depending
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