The headline index for consumer confidence dropped to 92.9, slightly below our forecast of 93.3, the Conference Board reported on Tuesday. … READ MORE >
Tuan Nguyen
Industrial production index hits record high amid tariffs
The U.S. industrial production index rose to a record 104.2 on a seasonally adjusted basis in February, according to the Federal Reserve. … READ MORE >
Retail sales rebound, easing some concerns over growth
We do not expect the data to alter the Federal Reserve’s decision to keep its policy rate unchanged at its meeting this week. … READ MORE >
Consumer sentiment falls to the lowest level since early 2023
Most notably, inflation expectations worsened, with the 12-month gauge advancing to 4.9% and the five-to-10 metric increasing to 3.9%. … READ MORE >
Manufacturing prices rise in February amid higher tariffs
The prices paid subindex in the ISM manufacturing report rose to 62.4 in February, the highest level since June 2022, from 54.9 in January. … READ MORE >
Initial claims rise slightly as federal layoffs and wildfire impact was muted
The number of initial claims for jobless benefits rose slightly to 219,000 last week, close to our forecast and the pre-pandemic average of 218,000. … READ MORE >
Market minute: Soft economic landing at risk
Businesses, and the economy overall, face uncertainty amid the regime change in the global economy. … READ MORE >
Housing starts plunge amid severe weather and elevated mortgage rates
The one-time seasonal factors that contributed to the decline should subside. Permits for new buildings and homes held up in January, rising by 0.1%. … READ MORE >
The decline in January retail sales is less concerning than it might seem
The January retail sales report is one of those rare occasions where looking at the 12-month change makes more sense than the monthly metric. … READ MORE >
Producer inflation topped forecasts in January, led by food and energy prices
The producer price index rose by 0.4% in January, following an upwardly revised 0.5% increase in December, making it the hottest two-month stretch of inflation since February last year. … READ MORE >