The US economy added 559,000 jobs in May, the BLS said Friday. In a normal
Category: economy
Global Food Prices Soar Most Since Arab Spring
Global food prices rose again in May, the UN said Thursday. It was the 12th
Capturing The Zeitgeist
“May data indicated a quicker rise in input costs across the service sector, as supplier
Jobs Data Is Roses As ADP Prints Near 1 Million, Claims Drop
US private employers added 978,000 jobs last month, ADP said Thursday, 24 hours ahead of
Jamie Dimon Doesn’t Know What It Means To ‘Hustle’
I try to stay above the proverbial fray. For four years, I dabbled in social
A Familiar Tale
ISM manufacturing came in stronger than expected for May, while price pressures appeared to come
A Rather Strange Place
Another week went by and the title and subtitle atop my simple, daily chart of
Spontaneous Combustion
Consumers are “spontaneously” referencing higher prices at a rate never before witnessed, according to the
Since 1992
Personal incomes fell less than expected in April, data out Friday showed. Incomes dropped 13.1%
Joe Biden’s Bajillion-Dollar Budget: How To Think About It
For the next several days, the media (in general, not just financial portals) will be
Data Plays Along As US Economy Looks For Summer ‘Boom’
406,000 Americans filed for unemployment benefits last week, a fresh pandemic low and 38,000 fewer
Albert Edwards: Market Is Blind To Deflationary Impulse From China
Last weekend, in “Dairy Aisle,” I talked a bit about the nexus between market expectations,
US Consumers Less Giddy As Stimulus Wanes
Consumer confidence posted a slight miss for May on the Conference Board’s gauge, perhaps underscoring
Oh, Housing, You’re Such A Conundrum
New home sales for April came in well below expectations, the Census Bureau said Tuesday.
US Housing Market On Fire And Cooling Down Simultaneously
Friday brought another below-consensus read on the US housing market. Existing home sales dropped 2.7%
Color Accompanying US PMIs Now Downright Silly
Services activity is robust in the US, the flash read on IHS Markit’s gauge for
Two Certainties: Taxes And Pipeline Inflation
Generally buoyant PMIs out of Europe helped brighten the mood at the margins on Friday,
Price Pressures And Broken Records
The May vintage of the Philadelphia Fed survey revealed a less-than-ideal, albeit entirely predictable, juxtaposition:
Jobless Claims Halve Under Biden
Jobless claims fell again last week, the government said Thursday. 444,000 Americans filed for unemployment
Housing ‘Zenith’
Housing starts came in at the low-end of the range for April, perhaps suggesting that
Labor Rising
The global recovery is “red-hot,” Morgan Stanley declared, in the course of reminding market participants
A ‘Healthy Level’
“A healthy level of inflation is a sign the economy is healthy,” Raphael Bostic said
The Dairy Aisle
On Friday, in response to a reader comment, I noted that the archetypal American Everyman
Mandatory Action Verbs
“Nobody actually has a very good handle on where near-term inflation prints will land, and
What Happens To Jerome Powell If Inflation Spirals?
“Macro vol is back,” Deutsche Bank’s Alan Ruskin declared, following this week’s shocking CPI report,
Inflation Expectations Skyrocket, Knee-Capping Sentiment
Consumer sentiment unexpectedly soured in May, the preliminary read on the University of Michigan’s gauge
US Retail Sales Suffer Stimulus Hangover
US retail sales were unchanged in April, data out Friday showed. Consensus expected a 1%
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