The pace of new construction in the US plunged in August, data released on Tuesday
Category: economy
As Mortgage Payments Double, Builder Sentiment Buckles
Would-be US homeowners have seen their buying power “significantly eroded” over the past two months.
US Housing In Focus As 60,000 Deals Fall Through Amid Record Costs
The September FOMC meeting isn’t the only thing on the schedule in the US this
American Consumers Look Beyond Gas Prices, Expect Cooler Inflation
“Divergent movements” on subindexes and across demographic cohorts left the headline University of Michigan sentiment
Lies, Damned Lies And The Statistics Bureau
Xi Jinping is limiting access to sensitive economic data, read one of two summary bullet
US Economy Impolitely Refuses To Die
Thursday’s key macro data out of the US reinforced the message from Wednesday’s CPI report:
Warm CPI Report Suggests Fed’s Job Not Quite Done
Core inflation in the US was a little warm last month, hotly-anticipated data released on
US Squanders Historic Opportunity, Lets Child Poverty Soar
We learned a lot from the pandemic. For example, we were reminded that for all
Regular People Struggle, Homeowners Included
Last year, Jerome Powell referred to “regular economic people” while editorializing around the plight of
Credit, Job Loss Perceptions Worsen As Fed Medicine Takes Toll
The rate hikes are working. Or at least that was one interpretation of the key
US Inflation, ECB Cliffhanger Headline In Busy Macro Week
Inflation data out of the US and a coin toss ECB meeting are this week’s
Bond Yields And Left Turns
Bond yields should be lower. At least at the long-end. That’s not an assessment based
Albert Edwards Is Worried About Bankruptcies
SocGen’s Albert Edwards is concerned about bankruptcies. That might seem odd coming from the man
Inflation Still Percolating In US Services Sector
Activity in the US services sector reaccelerated in August, according to this week’s only top-tier
China’s Economy May Never Recover Pre-Pandemic Vibrancy
For about 24 hours, financial media outlets and some bank analysts were convinced that Beijing’s
Goldman Says US Recession Odds Have Completely Normalized
This was the summer of the soft landing. So said Goldman, in a new note
Is This Your Homework Larry?
There’s not much on the data docket in the US for the holiday-shortened week. Sparse releases
What Happens To The Economy When Student Loan Payments Resume?
One part of any “good” macro bear narrative for the back half of this year
Fed Gets Ideal US Jobs Report
The US economy added slightly more jobs than anticipated in August, wage growth cooled and
Worst May Be Over For America’s Manufacturing Sector
America’s factory malaise abated in August, the last of this week’s top-tier data out of
Americans Kept Spending As Q3 Dawned. Inflation Generally Cooperative
After re-accelerating at the end of the second quarter, personal spending in the US picked
European Inflation Stuck At Nearly Triple ECB’s Target
Headline inflation in Europe is stuck, apparently. The all-items gauge loitered at 5.3% in August,
Pending Sales Rise, Investor-Buying Plunges In Cliff-Edge US Housing
Pending home sales unexpectedly rose in the US last month, data released on Wednesday showed.
Fed Gets More Favorable Data In Constructive ADP Report
US private sector employers added 177,000 jobs in August, ADP said Wednesday. That was fewer
War, Inflation And Chinese Shadow Banks
The war, European inflation and China’s shadow banking demons were top of mind for market
‘Immaculate Disinflation’ Lives
Good news for the soft landing crowd: US job openings were “just” 8.827 million on
Bad, Good, Whatever
Here’s hoping bad news is good news. US consumer confidence slid in August and an
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