It’s the week before Christmas. The macro-policy docket isn’t exactly sparse, but interest and engagement
Category: economy
Easier Financial Conditions Spotted In US Services Sector
If you’re looking for evidence that the US economy may slip into recession imminently, it
Europe Slides Toward Recession As ECB ‘Enjoys The View’ From Rate Mountain
The ECB “definitely did not discuss rate cuts” this week, Christine Lagarde insisted, after the
Strong Retail Sales, Low Jobless Claims Clash With Fed Cut Narrative
Initial jobless claims dropped sharply and US retail sales topped estimates in a one-two data
The American Dream Has Never Been Less Affordable
Houses: People need them, but people can’t afford them. It’s a problem when you need
Doves Get Small Break With Benign Read On US Producer Prices
In an incrementally dovish development, US producer prices were flat last month from October, data
Is There A Silver Lining In China’s Deflationary Doom Loop?
“Some of us sell-side macro commentators might be more predisposed to hyperbole than others.” So
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Market observers employed hopelessly outdated colloquialisms to describe subdued sentiment at the beginning of the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
You must be logged in to post a comment.