Surprise! Existing US home sales tumbled in June amid high prices and high rates. It’s
Category: economy
Meanwhile, In China…
China cut rates on Monday. (Scintillating, I know.) While not exactly the stuff headlines are
US Jobless Claims Bolster Case For September Fed Cut
If you were looking for additional evidence to support the notion that the Fed’s almost
US Housing Prays For Fed Cuts
New construction activity in the US rebounded last month from what, as initially reported anyway,
Reports Of American Consumer’s Demise Were Greatly Exaggerated
It was another rough day for macro forecasters. Actually, wait. The joke’s on me. And
Crowded Macro Agenda Takes Backseat To US Political Melee
Needless to say, macro news and market coverage will take a backseat in the coming
US Consumer Sentiment Drops Again On Inflation ‘Objections’
Consumer sentiment in America “remains stubbornly subdued.” That’s how survey director Joanne Hsu described another
Reheat? US Producer Prices Unexpectedly Warm Up
Re-cork the champagne? 24 hours after blessing the Fed with the most favorable read on
US Inflation Finally Relents. September Fed Cut All But Assured
Jerome Powell and his colleagues had reason to celebrate on Thursday. US inflation came in
Xi Murdered The Chinese Economy
China’s no closer to shaking the deflation demon that’s haunted the world’s second-largest economy for
Powell Nods To Two-Way Risks, But Wants More Data For Rate Cut
Jerome Powell kicked off two days of congressional testimony on Tuesday with a set of
The Albatross
For whatever it’s worth to you, participants in the latest installment of the New York
American Dream Is Least Affordable Since 2007
The last time owning a home was as financially burdensome for everyday Americans as it
Up Next: Powell Interrogation, US CPI, Big Bank Earnings
Anyone who bothers to show up for work this week will hear from Jerome Powell.
Mixed US Jobs Report Leaves Fed In Limbo
The US economy added more jobs than expected last month while revisions subtracted 111,000 from
US Services Sector Is Either Crashing Or Booming
Yikes. The marquee gauge of US services sector activity unexpectedly dove into contraction territory for
US Slowdown Takes Shape As Hiring Downshifts, Jobless Claims Rise
Private employers in the US added 150,000 jobs last month, ADP said Wednesday. That was
There Are Still 8 Million Open Jobs In America
Job openings were higher on the last business day of May, key US macro data
Eurozone Services Inflation Refuses To Budge As ECB Looks On
Headline inflation in Europe resumed its downward trek in June while core price growth loitered
US Factory Activity ‘Frustratingly Weak’
US factory activity contracted a third month in June, the first of this week’s top-tier
Jobs, Politics And Fireworks
If you’re not into politics, it’ll be an arduous week. Headlines in the days ahead
Nothing Worse Than High Prices
Another month, another outsized revision on America’s marquee gauge of consumer sentiment. The final read
Two Fed Cuts Very Much In Play As Core Inflation Cools
As expected, the Fed’s preferred measure of inflation in the US moderated further in May,
With $2 Trillion Buffer Gone, Americans’ Spending Slows
When is the US government’s third try at estimating aggregate economic activity worth mentioning? That’s
Have US Jobless Claims Reached An Inflection Point?
After innumerable head fakes, it looks as though initial jobless claims in the US have
New Home Sales Plunge As US Housing Gridlock Continues
Sales of new US homes plunged in May, according to what I can confidently call
Americans Have An Anxiety Disorder
US consumer confidence slipped in June, as Americans continued to fret about the outlook despite
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