Jerome Powell was composed on Wednesday during what, at times, felt like a somnolent back
Category: economy
Hallelujah!
“It goes like this, the fourth, the fifth The minor fall, the major lift”… Hallelujah!
China Can’t Shake Deflation Demon
Guess what? China still has a domestic demand problem. And the deflation demon’s not banished.
A Tale Of Two Economies
Morgan Stanley’s Mike Wilson told a familiar story on Monday. I won’t spend too much
Inflation Jokes
Five and a half hours before the June FOMC decision (or maybe more, depending on
What To Expect From The June FOMC Meeting
It wasn’t so long ago when markets were holding out hope for a rate cut
Barnburner US Jobs Report Comes With Caveats
The US economy added far more jobs than expected in May and wage growth was
World Chokes On China
The latest trade data out of China didn’t do much to dispense with the idea
Tentative Evidence
Thursday brought more tentative evidence to support the contention that the US labor market’s cooling.
ECB Cuts Rates After Historic Hiking Cycle
The ECB on Thursday became the second G7 central bank in two days to cut
US Services Sector Heats Back Up, Defying Recession Narrative
Shelve the recession narratives: The linchpin of US economic growth held strong in May. A
‘Notable Pockets Of Weakness’ Spotted In US Labor Market
There are “notable pockets of weakness” in the US labor market, ADP said Wednesday, editorializing
American Middle-Class Abandons All Hope
I’m — umm — avowedly not a Republican. I assume most readers are aware of
US Job Openings Tumble In Sign Of Labor Market Normalization
US job openings fell more than expected to reach a new three-year low in key
US Factory Surveys Diverge
The marquee gauge of US factory activity slipped further into contraction territory in May, the
US Jobs Report, ECB Rate Cut Take Center Stage
It’s a big week for macro. Fed officials and traders “flummoxed” by the US economy’s
Inflation Report Has Some Decimals
Not that anyone cared — caught up as the American media was Friday in a
Marginally Constructive
US economic growth was slower than initially reported in the first quarter, closely-watched revisions released
Pending Home Sales Plunge As Buyers Suddenly Balk
Pending home sales in the US plummeted in April, a Thursday update showed. Contract signings
You Got Hammack’d
Listen, I don’t know the first thing about Beth Hammack. No matter how many times
US Property Prices Score More Records On Marquee Index
“Another all-time high.” That was the overarching message from Tuesday’s update on America’s marquee gauge
Hope Seen Floating In Fed’s Preferred Inflation Measure
Core price growth on the Fed’s preferred inflation measure probably downshifted to 0.2% last month.
Revisions To Marquee Sentiment Survey Offer Glimmer Of Hope
At least it wasn’t revised lower. The final read on University of Michigan sentiment for
New US Home Sales Fall, Prices Jump In Heavily-Revised Data
New US home sales fell twice as much as expected in April, data released on
Fed’s Inflation Goal ‘Elusive’ As US Economy Picks Back Up
So much for the slowdown. Business activity in the US picked up markedly in May,
Rejoice. Despair. The Homes Keep Appreciating
Rejoice current US homeowners: Median home prices hit a new April record last month, near
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