Services-Sector Activity Accelerated in November
“Services-sector survey suggests expansion continued in November, and respondents were generally optimistic. However, the outlook for the economy remains highly uncertain.” ~ Robert Hughes
READ MORE
Unit Auto Sales Fell in November
“Light-vehicle sales fell in November following a rise in inventory and drop in prices in October.” ~ Robert Hughes
READ MORE
Payroll Gains Beat Expectations, but the Pace Is Slowing
“Payrolls gains beat expectations in November, but the pace appears to be slowing. Mixed signs for the labor market, sustained price pressures, and an aggressive Fed tightening cycle remain risks to the outlook.” ~ Robert Hughes
READ MORE
Manufacturing-Sector Contracts in November
“The latest manufacturing survey suggests broadening weakness and falling price pressures for manufacturers. The outlook remains highly uncertain. Caution is warranted.” ~ Robert Hughes
READ MORE
Weekly Initial Claims Continue to Trend Higher
“Weekly initial claims fell, but the rising trend in the four-week average and increasing job cut announcements are a warning. Rapid price increases and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes
READ MORE
Private-Sector Job Openings Remain High Despite Falling in October
“Private-sector job openings fell in October but remain high, suggesting continued resilience. However, the outlook remains highly uncertain.” ~ Robert Hughes
READ MORE
Third Quarter GDP Revised Higher but Pockets of Weakness Persist
“Headline real GDP growth was revised higher in the third quarter, but domestic demand remained weak. Caution is warranted.” ~ Robert Hughes
READ MORE
Consumer Expectations Remained at Recessionary Levels in November
“Consumer confidence fell again in November with consumer expectations at recessionary levels. An aggressive Fed tightening cycle, elevated price pressures, and the fallout from the Russian war in Ukraine remain risks for the economic outlook.” ~ Robert Hughes
READ MORE
Consumer Sentiment Remained Weak in November
“Consumer sentiment fell in November and remains at recessionary levels. Inflation expectations ticked down, and long-run expectations remain well anchored.” ~ Robert Hughes
READ MORE
Weekly Initial Claims Hit a Fourteen-Week High
“Weekly initial claims rose to the highest level since August, and job cut announcements rose in October. Rapid price increases and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes
READ MORE
New Home Sales Rose in October, But the Outlook Remains Cautious
“New-home sales rose in October, but so did prices and inventory. High prices, bloated inventory, and elevated mortgage rates suggest a poor outlook.” ~ Robert Hughes
READ MORE
Nominal Durable-Goods Orders Posted a Strong, Broad-based Gain in October
“Durable-goods orders rose in October though growth in real durable-goods orders remains modest.” ~ Robert Hughes
READ MORE
