US Economy
59 posts
Leading Indicator Still Misleading
January's Index of Leading Economic Indicators (LEI) was down again by 0.4% (chart). It has been falling…
Bad Apple?
The MegaCap-8 stocks led the S&P 500 down during the first two days of trading in 2024 (chart)…
Mortgage Rate Rockets Up To 8%
The 30-year fixed mortgage rate rocketed up to 8.00% today. It is up from 7.57% on October 12…
Stock Market's Meltup Continues
Investors had a quick look at today's economic indicators and concluded that the economy is still growing albeit…
Markets' Message to the Fed: Just Say No to More Rate Hikes
The stock market sent a message to the FOMC today: Cease and desist from any more rate hikes, please. The…
Fed 's H.4.1 Shows Banking Crisis Not Getting Worse
The Fed's H.4.1 report is released every Thursday at 4:15 pm. It shows the Fed&…
Recession Drumbeat Getting Louder
The S&P 500 has been holding up quite well as the the nattering nabobs of negativism beat their…
More Shoes To Drop?
Needless to say, the recent turmoil in the banking sector is raising renewed fears of a recession and a resumption…
Capital Spending Getting A Lift From Washington
Inflation-adjusted capital spending rose 4% y/y during Q4. That was a solid increase. However, it may be starting to…
More Soft Landing Stats
No boom, no bust. That describes yesterday's flash estimates for February's M-PMI and NM-PMI released by…
Less Inflation & Growth In Three Regional Surveys
We now have three business surveys for January conducted by the NY, Philly, and Richmond Fed district banks. Collectively, they…