There’s something about the NY Fed consumer survey that gives me a headache. Not literally.
Category: economy
Local Protection Racket Struggles To Ward Off Deflation
Xi Jinping may be done bleeding China’s largest tech firms (for now), but a purported
Slowly But Surely?
Data due this week will show core inflation in the US ran at two and
Job Gains Cool, Wage Growth Sticky In Mixed Read On Labor Market
The US economy added 209,000 jobs in June, according to the government’s tally released on
Blistering ADP Report Prints Half A Million
Private sector US employers added nearly half a million new jobs last month, data released
Quits Jump Back Above 4 Million, Underscoring Distorted US Labor Market
There were 9.82 million open jobs across the world’s largest economy on the last business
Mighty US Services Sector Steams Along
American manufacturing may be mired in a downturn, but the mighty US services sector most
US Job Cuts Slow Sharply
The pace of US job cuts moderated in June, even as the running total for
A Resolute Fed Looks To Labor Market For Inflation Relief
The June FOMC minutes suggested Fed officials aren’t satisfied that US inflation is on a
As Chinese Economy Falters, Xi Pitches ‘Pie Of Win-Win Cooperation’
The Chinese recovery narrative, easily among the worst macro calls of 2023 so far, was
Doing All Right. Maybe.
The marquee gauge of US factory activity missed estimates in data released Monday, but underlying
Jobs And Fireworks
It’s a holiday week in the US, but it’s also jobs week. So, anyone who
The Macro Implications Of The Student Loan Decision
If you’re wondering what the Supreme Court’s decision to nix Joe Biden’s student debt relief
Fed Gets Good News In Critical Spending, Inflation Update
Markets and policymakers were handed what looked, on the surface anyway, like a Goldilocks US
Bad Optics: Core, Services Inflation Rise In Europe As ECB Leans In
Headline European inflation receded in June to the slowest 12-month pace since January of 2022,
Hot US Economy Stuns Again With Big GDP Revision, Plunging Claims
Thursday brought still more evidence of US economic resilience in the face of an ostensibly
Waiting Game
For the second straight day, Jerome Powell spoke in Europe about the outlook for US
‘The Recession That Refused To Realize’
Over the last several days, the US economy once again demonstrated a remarkable capacity to
Powell Regales Sintra
Jerome Powell regaled the ECB’s annual central banking conference in Sintra on Wednesday. His remarks
New US Home Sales Skyrocket Amid Acute Resale Property Shortage
New US home sales exploded higher in May, underscoring the bifurcated character of America’s hopelessly
US Home Prices See ‘Broad-Based’ Rebound In Potential Problem For Fed
US home prices rose more than expected on a monthly basis at the beginning of
Dorothy And The Frankenstein Cycle
“Toto, I’ve a feeling we’re not in Kansas anymore,” said macro watcher after macro watcher in
Hard Landing, Loose Nukes
Hard landing odds are going up again. That was the narrative early Monday. It’s hard
Another Week In A Broken System
“Some” indicators of inflation are “clearly coming down,” one rates strategist told Bloomberg Television last
Fed Fails To Cool US Services Sector, Risking Prolonged Inflation Battle
US manufacturing is beset, but services activity across the world’s largest economy is resilient. What
European Economy On Brink Of Contraction. Again.
The European economy is stagnating. Again. Preliminary PMIs for June, released on Friday, showed activity
If Only We’d Kept A Pet Monetarist
We should’ve left at least one seat at the table for the monetarists. If we
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