US job openings once again frustrated economists expecting evidence of labor market normalization. There were
Category: economy
Clouds Around US Manufacturing Darken
Bring out the recession predictions. America’s marquee gauge of manufacturing activity deteriorated meaningfully in October,
Robust Labor Market Severs Sentiment-Spending Link
US consumer confidence dropped to a five-month low in October, not surprising given dysfunction in
Labor Cost Measure Which Banished ‘Transitory’ Comes In Hot
A key measure of employment costs watched closely by the Fed rose more than expected
US Home Prices Hit New Records During Summer’s Dog Days
US home values rose more than expected during the dog days of summer, according to
Europe, China Struggle, Underscoring Stark Economic Divide With US
The increasingly stark divide between a still-thriving US economy and floundering activity in the rest
What Goldman Sees For US Inflation In 2024
Predictions are hard, especially about the future, as the old saying goes, but when you’re
World’s Fourth-Largest Economy Stuck In ‘Twilight Zone’
The world’s fourth-largest economy remains stuck in the “Twilight Zone,” as one bank put it
Traders Brace For Macro Thriller As Huge Week Looms
It’s a hectic week for the macro community. A daunting bevy of data, including top-tier
Three Big Central Bank Decisions: What To Expect
The Fed will stay on hold this week. In a world plagued by terrifying uncertainty,
Spending Data Underscores Resilient Consumer Narrative
US consumer spending was more robust than expected in September, data released on Friday showed.
US Economy Evinces No Recession Inclinations
The US economy expanded at a blistering 4.9% annual rate last quarter, according to the
ECB’s Frantic Hike Out Of NIRP Ends. Future Uncertain
The ECB kept rates steady on Thursday, as expected. The decision was notable. Or as
New Home Sales Surge As Prices Plunge. Rates At 8%
New home sales exploded higher in September, data released on Wednesday in the US showed.
US Soft Landing ‘Likely,’ New PMIs Suggest
Economic activity picked up this month in the US, preliminary PMI data released on Tuesday
Winning The Life Lottery
Are we in a late-cycle backdrop? Or are we in the process of witnessing “immaculate
US Prepares GDP Scorcher As Fed Goes Silent
US economic exceptionalism should be on full display this week. The advance read on Q3
Albert Edwards Exposes China’s GDP ‘Beat’
In “Roses Are Red,” I gently suggested market participants should cast a wary eye at
‘The Fed Simply Can’t Keep Raising Rates’: Existing Home Sales Slowest Since 2010
The good news is, existing home sales in the US actually managed to beat estimates
No Surrender
“No surrender!” shouted the US labor market. Initial jobless claims for the week ending October
Roses Are Red
“When you give roses to others, the fragrance lingers on your hand.” So said Xi
Housing Starts Tick Up, Mortgage Apps At 28-Year Low Amid Rate Surge
US housing starts missed estimates for September in data released on Wednesday, even as they
Inflation Data Offers No Clarity For Befuddled Bank Of England
Unless you’re a Bank of England policymaker, inflation data out of the UK wasn’t on
Frustration Grows As Americans Need $115K Salary To Afford Homes
The highest mortgage rates in decades continued to weigh on US builder sentiment in October,
Americans Refuse To Stop Spending
The US consumer is unbowed, undaunted and unperturbed, a closely-watched update on nominal spending across
Are We There Yet? (No)
On Monday, while perusing the sparse menu of non-geopolitical articles on offer across the mainstream
Where To Now For The Chinese Economy?
I don’t know what to make of the Chinese economy these days, which puts me
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