The improvement in US consumer sentiment witnessed in late August ebbed early this month, amid
Category: economy
Inflation Hope Spotted In Fed Surveys
Although it’ll invariably be lost in the shadow of the August CPI report, it’s worth
Headline Retail Sales Beat Belies ‘Concerning’ Core Measures
US retail sales rose in August, but a cursory look under the hood suggested slower
Meanwhile, In Japan…
On Thursday, markets were “treated” to another “Econ 101” lesson. While previewing this week’s slate
Railroaded
Early Thursday, Joe Biden expressed gratitude to rail workers for striking… an eleventh hour deal
‘Intentional Crash Landing’ May Be Fed’s Only Remaining Option
The odds of a “left-tail,” hard landing scenario for the US economy have “exploded higher.”
Take No Comfort In ‘Cooler’ US Producer Prices
Anyone looking for definitive signs of peak inflation in Wednesday’s US producer price data was
UK Inflation Nightmare Rolls On, But Truss Blunts Worst-Case
Inflation moderated in the UK last month. Not that it matters. It’s small comfort to
Economists, Celebrities And Reals
Notwithstanding a tough session in Asia, there was no sign of an out and out
Oh, Look: Another Disastrous US Inflation Report
Market participants and policymakers hoping for additional evidence of cooling inflation in the US were
For America’s Small Businesses, ‘Better’ Is a Relative Term
US small business optimism remained below the five-decade average for an eighth consecutive month in
Americans’ Inflation Expectations Just Collapsed
When it comes to inflation, expectations matter. A lot. We’ve all been led to believe
$6 Trillion Down, $33 Trillion To Go
US households saw their net worth decline by more than $6 trillion in just three
Harley Bassman Isn’t Optimistic About A Soft Landing
Despite fundamental indicators strongly pointing to an economic slowdown, that’s in the foggy future, while
ECB Rendered Irrelevant By War, Energy Crisis
The ECB delivered a 75bps rate hike on Thursday, but it could’ve just as easily
WSJ ‘Fed Whisperer’ Now Calling All The Shots
On a fateful Friday morning in mid-June, the Fed ran into trouble when an extremely
Meanwhile, Canada Sacrifices Housing Bubble To Curb Inflation
The Bank of Canada escalated its battle with inflation Wednesday, raising rates by another 75bps.
Things Just Turned More Serious In China
The outlook for the beleaguered Chinese economy darkened further as trade data for August underwhelmed,
I’m From The Government, And I’m Here To Help
If fighting determined central banks is a fool’s errand, what is fighting panicked governments? That’s
Dramatic Divergence Seen In Dueling US Services Sector Surveys
The US economy isn’t in a recession. Or at least not according to a spate
War Footing
The world is six months into the war in Ukraine. Or eight years, or 239
Europe Turns Chaotic As Kremlin Follows Familiar Playbook
Regional equities were under pressure, the euro sank below 0.99 and benchmark gas prices jumped
High Energy, High Drama
US investors will step out of the holiday and into a data vacuum in the
‘Putin’s Responsibility’: Germany Bails Out Households
There’s something ironic about an “inflation-busting” plan that involves billions in government expenditures. But, when
Larry Summers Isn’t Buying It
Generally speaking, market participants were pleased with the latest jobs report out of the world’s
‘The Thrill Is Gone’ For Equities. And Your QT Questions Answered
For the better part of a dozen years, stocks were beyond reproach. Thanks to subdued
Jobs Report Checks ‘Goldilocks’ Boxes
The pace of hiring in the US decelerated, but remained robust in August, according to
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