There are “notable pockets of weakness” in the US labor market, ADP said Wednesday, editorializing
Category: economy
American Middle-Class Abandons All Hope
I’m — umm — avowedly not a Republican. I assume most readers are aware of
US Job Openings Tumble In Sign Of Labor Market Normalization
US job openings fell more than expected to reach a new three-year low in key
US Factory Surveys Diverge
The marquee gauge of US factory activity slipped further into contraction territory in May, the
US Jobs Report, ECB Rate Cut Take Center Stage
It’s a big week for macro. Fed officials and traders “flummoxed” by the US economy’s
Inflation Report Has Some Decimals
Not that anyone cared — caught up as the American media was Friday in a
Marginally Constructive
US economic growth was slower than initially reported in the first quarter, closely-watched revisions released
Pending Home Sales Plunge As Buyers Suddenly Balk
Pending home sales in the US plummeted in April, a Thursday update showed. Contract signings
You Got Hammack’d
Listen, I don’t know the first thing about Beth Hammack. No matter how many times
US Property Prices Score More Records On Marquee Index
“Another all-time high.” That was the overarching message from Tuesday’s update on America’s marquee gauge
Hope Seen Floating In Fed’s Preferred Inflation Measure
Core price growth on the Fed’s preferred inflation measure probably downshifted to 0.2% last month.
Revisions To Marquee Sentiment Survey Offer Glimmer Of Hope
At least it wasn’t revised lower. The final read on University of Michigan sentiment for
New US Home Sales Fall, Prices Jump In Heavily-Revised Data
New US home sales fell twice as much as expected in April, data released on
Fed’s Inflation Goal ‘Elusive’ As US Economy Picks Back Up
So much for the slowdown. Business activity in the US picked up markedly in May,
Rejoice. Despair. The Homes Keep Appreciating
Rejoice current US homeowners: Median home prices hit a new April record last month, near
A Nasty Inflation Surprise
There was “nasty” inflation news on Wednesday and it prompted a “huge” move in bond
Fed Chatter, UK Inflation In Focus Amid Sparse Macro Calendar
The first thing you should know about the week ahead is that the list of
Xi’s ‘Two-Speed Recovery’ Is Another Geopolitical Flashpoint
The Chinese economy’s in a pretty tough spot. Maybe you noticed. Sweeping measures unveiled Friday
China Drops Mortgage Rate Floor, Rolls Out Home-Buying Scheme
China’s finally getting serious about rescuing the country’s beleaguered property market. On Friday, more than
US Homebuilders Are Out Of Patience
Given the trajectory of US homebuilder sentiment (which stalled in April and deteriorated in May),
Statistics Bulletin Makes Headlines
Mind the fifth decimal place! Parse the nuance! Run the whole thing through a supercomputer!
When You Lose The Consumer…
Last month, Americans spent more on flatscreens, lumber, watering cans, groceries, gas, clothes and restaurant
Imagine A World
Imagine a world where Fed officials were required to say something new, or at least
Fed Suffers Another Setback
Bad news, everybody: US producer prices rose far faster than expected last month, a development
Attenuated Progress
Americans’ near-term inflation expectations are drifting higher again. That’s not the best news. Inflation’s in
US Inflation Update Takes Center Stage In New Week
The macro docket’s not exactly “crowded” this week, but there’s enough on the schedule to
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