US services sector activity was more robust than anticipated in early October. Or something. It’s
Category: economy
UK Faces Nightmare Dilemma With Inflation Gauge At 25-Year High
Never miss an opportunity to use the word “century” in a headline. That’s especially applicable
What If Nothing Is ‘Transitory’?
“Buyers likely want to secure a home before mortgage rates increase even further next year,”
The Maddening Trudge To A Suboptimal Normal
A week after dropping below 300,000, US jobless claims fell again to a new pandemic-era
Simply Saying ‘China’
When it comes to tail risks, there’s inflation, there’s China and then there’s everything else.
Empathy For The Bedeviled
Economists and policymakers have the luxury of spending their days debating the meaning of the
America’s Housing Conundrum Persisted In September
Housing starts fell last month, data out Tuesday showed. Typically, I’d offer a one-sentence explanation,
Somehow, Americans Keep Spending
US retail sales unexpectedly rose in September, data out Friday showed. Although economists expected to
Breaching 300K
Initial US jobless claims fell below 300,000 last week, a milestone of sorts. 293,000 Americans
US Producer Price Growth Slows, But Clarity Not Forthcoming
US producer prices rose less than expected in September, data out Thursday showed. The 0.5%
Fed Effectively Announces November Taper. Nobody Cares
The onset of the taper could begin as early as November. That was one takeaway
China’s Exports Defy Gloom Amid ‘Rampant’ Overseas Demand
China’s exports hit another record in September, driven by holiday demand and surging prices, Beijing
IMF Delivers Quarterly Warning No One Will Heed
Some days, when the mood strikes, I randomly give readers a window into what I
Quits Rate Hits Record In Funhouse Mirror Labor Market
US job openings fell more than 650,000 from July to August, closely-watched data out Tuesday
Implications Of A New Epoch
There’s considerable debate around whether developed countries are headed for a high inflation regime. The
America’s Economic Divide In Two Stories
What matters for real people is the effect on families. That’s my generalized assessment of
What To Make Of Another Jobs Letdown
Although it seems unlikely that September’s jobs report was bad enough to delay a taper
‘Challenging To Interpret’ Jobs Report Posts Huge Miss
The US economy added just 194,000 jobs in September, the government said Friday. It was
Jobless Claims Snap Out Of It
326,000 Americans filed for unemployment benefits last week, fewer than expected. The 38,000 decline from
Late Stage Democracy
A day ahead of payrolls Friday, US equities looked to build on momentum from Wednesday’s
Private Sector Hiring Robust In September: Magic 8-Ball
US private sector employers added 568,000 jobs in September, ADP said Wednesday. That was considerably
Services Sector Anecdotes Are Broken Record
It’s the same story over and over again, I’m afraid. The world’s largest economy is
Americans Adopt Dire View Of Own Financial Prospects
Americans are the most pessimistic about their personal finances in more than a half-decade. That
US Manufacturing Is A Long Way From Normal
Factory activity in the world’s largest economy remained robust in September, top-tier data out Friday
Transitory Inflation At 30-Year High For 3rd Straight Month
Personal spending rose slightly more than expected in August, data out Friday showed. The 0.8%
Wheelbarrow Jokes
It wouldn’t be too much of a stretch to suggest that headline writers and financial
Jobless Claims Jump In Worst Streak Since Pandemic Onset
362,000 Americans filed for unemployment benefits last week, more than expected. Economists were looking for
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