The Conference Board’s confidence index dipped to 100.2 in November from 102.2 in the prior month, significantly below the pre-pandemic level at 130. … READ MORE >
Tuan Nguyen
Durable goods spending and jobless claims rise
Durable goods orders and shipments posted sharp increases in October, defying recession fears, while jobless claims increased last week. … READ MORE >
RSM US Supply Chain Index returns to pre-pandemic level
Our RSM US Supply Chain Index pointed to supply efficiency for the fourth month in a row, reaching 0.49 standard deviations above neutral in October. … READ MORE >
Housing starts and initial jobless claims give Fed mixed signals
The housing market continued to cool, but not the labor market, government data showed. … READ MORE >
Retail sales surge, easing recession fears for now
Retail sales data surged in October as holiday shopping started early for the second year in a row. … READ MORE >
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 >