Articles by Robert Hughes
Consumer sentiment maintained a generally high level by historical comparison in early November.
The nonmanufacturing sector expanded in October, diverging from the manufacturing-sector contraction. Erratic and unpredictable policies may be hurting manufacturing and the labor market.
Auto sales fell in October but remain at a high level. While economic data is mixed, the labor market remains solid and the outlook remains cautiously optimistic.
The ISM’s manufacturing PMI remained in contractionary territory for a third consecutive month. Declining trade amid slowing global growth and erratic U.S. policies are keeping risks elevated.
A solid October jobs report suggests continued economic expansion. However, growth has slowed and may leave the economy more vulnerable to erratic policies and elevated uncertainty.