Overall orders for durable goods fell by 5.4% in October, led by a 49.6% decline in nondefense aircraft because of a drop in Boeing orders. … READ MORE >
U.S. existing home sales plunged to their lowest level since 2010
In October, sales of existing homes dropped to 3.79 million, marking the lowest point since 2010, the National Realtor Association reported on Tuesday. … READ MORE >
Industrial production posts biggest drop this year amid strikes
Production of motor and vehicle parts fell by 10% in October, marking the biggest drop since the beginning of the pandemic. … READ MORE >
Retail sales and producer inflation fall in October
The data for October’s retail sales and producer inflation has raised the probability of a soft landing by a significant margin. … READ MORE >
Consumer sentiment falls to lowest level since May
The University of Michigan’s consumer sentiment index dropped unexpectedly in November to the lowest level since May as inflation concerns mounted. … READ MORE >
Initial jobless claims ease amid broader signs of a softening labor market
Continuing claims—a measure of longer-term disruption in the labor market—increased for the seventh straight week to 1.83 million, near the recent high in April. … READ MORE >
Credit sentiment improves in Q3, signaling the worst might be over
No surprise came from the third-quarter Senior Loan Officer Opinion Survey on Monday as most major indicators pointed to improvement in lending sentiment. The improvement was likely a direct result of the Federal Reserve’s rate pause in September as the central bank began to rebalance its policy to a less hawkish stance. … READ MORE >
Initial jobless claims edge up as labor market remains strong
New claims for jobless benefits rose to 217,000 last week, yet they remained below the pre-pandemic level. … READ MORE >
Job openings top estimates amid sharp drop in manufacturing
Job openings edged up in September as labor demand remained strong while the manufacturing sector declined at a faster rate than expected. … READ MORE >
Fed’s key wage inflation metric tops forecast
The employment cost index for the third quarter showed that labor costs rose 1.1% higher than the forecast of 1.0% and were higher than the pre-pandemic average of 0.6%. … READ MORE >









