Retail sales data surged in October as holiday shopping started early for the second year in a row. … READ MORE >
Tuan Nguyen
Consumer sentiment falls as outlook worsens
The University of Michigan’s consumer sentiment index declined by a sharp 5.2 points to 54.7 in the first half of November, slightly above the all-time low in June. … READ MORE >
When will inflation slow? Pay attention to housing.
We estimate that there is an approximately 18-month lag between changes in housing prices and those in the housing inflation components. … READ MORE >
Initial jobless claims inch down amid tight labor market
New filings for jobless benefits inched down by 1,000 last week from 218,000, remaining near their historical lows, according to government data released Thursday. … READ MORE >
Job openings and manufacturing production grow more than expected
Job openings came in hotter than expected in September, suggesting that the imbalance in the labor market will take longer to resolve than originally anticipated. … READ MORE >
Initial jobless claims fall below pre-pandemic level
New claims for jobless benefits fell by 5.3% to 214,000, below the pre-pandemic average in 2019 as layoffs remain historically low. … READ MORE >
Canada’s inflation refuses to cool
Canada’s CPI rose by 6.9% on a year-over-year basis, slightly down from 7% in August, continuing a three-month streak of decline. … READ MORE >
Consumer sentiment rises despite worsening inflation expectations
Consumer sentiment rose for the fifth straight month to 59.8 in October but a worsening inflation outlook clouded the otherwise positive news. … READ MORE >
Retail sales stay flat as inflation remains elevated
American consumer spending was unchanged in September, held back mainly by auto and gasoline sales as prices at the pump and auto dealers fell on the month. … READ MORE >
Producer prices rebound, keeping pressure on Fed to raise rates
The producer price index rose by 0.4% in September after falling for two straight months, the Bureau of Labor Statistics reported on Wednesday. … READ MORE >