Pending US home sales receded only slightly in July, figures out Wednesday showed. The 1%
Category: economy
‘So, We Raised Interest Rates’
“If you get to the mid-3s or maybe even a little bit higher, and then
Here’s How Much Student Debt Forgiveness Will Cost
Update: On Wednesday, the Biden administration confirmed $10,000 in debt relief per borrower subject to
US Housing Recession Worsens As New Home Sales Collapse
New US home sales plunged in July, closely watched data out Tuesday showed. The 511,000
In Europe: Recession, 500-Year Drought
The European economy is in trouble. I doubt that’s news to anyone. But it was
A Sticky Situation
“Peak inflation” may be upon us (in the US, anyway), but the relief for markets
Hot Summers, Cold Winters
“Apocalyptic.” That’s how one popular strategist described the latest PPI print out of Germany, the
US ‘Housing Recession’ Confirmed. Just Not By Prices
Existing home sales fell more than expected in the US last month, as affordability concerns
Not Screaming Recession
Cancel the blaring TV recession coverage for a day. In news that was only notable
Retail Sales Suggest US Consumers Spent Some Gas ‘Savings’
Retail sales were unchanged in the US last month, reflecting a weekslong drop in gas
Inflation Left-Tail Is Dying. But Hold The Champagne
The inflation left-tail risk may be “dying out.” That was one message from Nomura’s Charlie
Housing Sends Mixed Signals As Starts Fall, Home Depot Holds Up
In news that should surprise exactly no one, US housing starts fell sharply in July,
US Enters ‘Housing Recession’ As Sentiment Dives
The US is in a “housing recession.” That’s according to NAHB Chief Economist Robert Dietz,
Bottom Falls Out With Shocking Drop In Empire Survey
I suppose I’m supposed to call it a “shocker.” Because that’d generate the most reader
Days Of Our Lives
Global growth concerns cast a pall Monday following another disappointing read on the Chinese economy.
China Cuts Rates In Surprise Move As Data Disappoints
In what could plausibly be construed as a somewhat desperate move, China cut two key
Party Crasher
Those hoping for one more dovish surprise on the inflation front before the weekend were
Credit Growth In China Just Plunged
Credit creation in China slowed dramatically last month, notable data out Friday showed. The figures,
‘Peak Inflation’ Camp Gets Another Win
The “peak inflation” crowd scored another win Thursday. 24 hours after warmly embracing a cooler-than-expected
Inflation Report Is False Dawn
US inflation moderated in July, handing relief to policymakers, even as households remained beset by
US Housing Bubble Reaches Inflection Point
US mortgage rates fell below 5% for the first time since April last week, but
Inflation Is Coming From Inside The House!
In Q1, US labor productivity plunged by the most in almost 80 years. Data for
Small Firms Haven’t Been This Worried About Inflation Since 1979
Small businesses have scarcely ever been this worried about inflation. 37% of owners who participated
Fed Risks ‘Disaster’ As Americans’ Credit Card Balances Soar
For the US economy to fall into a proper recession (as opposed to a “technical
US Recovers All Jobs Lost To Pandemic
Total nonfarm employment in the US returned to pre-pandemic levels in July, hotly-anticipated government data
Cognitive Dissonance: Services Sector Edition
Call off the recession. Maybe. A key gauge of US services sector activity defied a
US Job Openings Just Plunged. But Nowhere Near Enough
US job openings fell more than expected in June, but hires were mostly unchanged and
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