The Institute for Supply Management’s manufacturing index came in at 54.5, little changed from 54.6 in August, while new orders rose to 55.3 from 53.7. … READ MORE >
Tuan Nguyen
Consumer confidence plunged. Is demand destruction next?
The Conference Board’s Consumer Confidence Index fell 6.7 points to 81.9 in September, well below expectations and the lowest reading since April 2014. … READ MORE >
What do higher yields look like? Our model shows their impact.
We modeled a serios of shocks to identify the impact on growth, employment and inflation. The results show the challenge of bringing down inflation. … READ MORE >
Retail sales rebound in August as energy prices rise
Total sales at retail stores and restaurants increased by 1.2% from a month earlier and by 6.0% from a year ago. … READ MORE >
Consumer sentiment falls to lowest since May as gas climbs
The University of Michigan’s sentiment index fell to 47.8 in early September from 51.7 in August, well below expectations and its lowest level since May. … READ MORE >
Energy pushes producer prices higher, but core cools
Headline producer prices rose 0.4% in August, most of the increase came from rising energy prices. The core measure, which excludes food and energy, rose by 0.2%, a tenth below expectations. … READ MORE >
Strong manufacturing and jobs data ahead of Fed meeting
Tariff refunds, rising business and government spending on defense and AI-related products have been the main tailwinds for overall manufacturing demand. … READ MORE >
Producer prices unchanged, easing Fed’s hike pressure
The producer price index was unchanged on the month, while the core metric was running at the target level, rising by 0.2%. … READ MORE >
Manufacturing sector posts fastest growth since 2022
The employment index turned positive for the first time in a long time, suggesting the momentum is not going away anytime soon. … READ MORE >
Retail sales rise in June on the back of falling gas prices
Topline retail sales rose 0.2% on a nominal dollar basis even as spending at the pump fell a sharp 5.3%. … READ MORE >