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Many of these announced layoffs are in the future and won’t be in the US and won’t impact the US labor market. But we got data on actual layoffs and discharges in the US today.
Our national index fell by 0.8 percent over the course of December, marking the fourth straight month-over-month decline. The timing of this cooldown in the rental market is consistent with the typical seasonal trend, but its magnitude has been notably sharper than what we’ve seen in the past. This suggests that the recent swing to falling rents is reflective of a broader shift in market conditions beyond seasonality alone.
Indian markets outperformed US markets in 2022.
2022 was a busy year for fiscal policy, which gave us many opportunities to conduct substantive policy analysis using charts and tables.
After more than $20 trillion in stimulus plans since 2020, the economy is going into stagnation with elevated inflation.
Jan 5, 2023 - 08:51:17 PST
Grantham expressed deep concerns about investor euphoria, sky-high valuations, and rampant speculating on meme stocks, crypto, and other risky assets.
Former colleague John Mauldin writes, Higher for Longer: “There is this constant argument that Jerome Powell is somehow going to pause after the next rate hike...
Jan 5, 2023 - 08:48:40 PST
One of the most dishonest games being played in economics today is the attempt by various groups (political and financial) to deflect blame for the rise of inflation. The Biden White House and Democrats desperately want to blame Russia and the war in Ukraine, even though inflation was spiking long before the war ever started. The Federal Reserve pretended for years that...
The cryptocurrency industry's failures in 2023 could mean its demise or a chance to regroup and build on its cultural reach. Congress is more hostile to the industry after prominent failures.
Home sellers are doing way more to entice homebuyers these days, according to data from Redfin published Thursday morning.
The percentage of US consumers paying at least $1,000 a month for their cars soared to a record, adding to concerns that borrowers may be getting in over their heads.
Bed Bath & Beyond Shares Plummet After Company Warns of Potential BankruptcyJan 5, 2023 - 08:09:28 PST
The embattled home goods retailer said it is exploring financial options, including filing for bankruptcy.
They say there are five stages of greif; the same might be said about bear markets.
Traders See Higher 50-Basis-Point-Rate Hike in February and 5%-Plus Fed Funds Rate by MarchJan 5, 2023 - 07:47:21 PST
Traders raised the likelihood of a half-percentage-point February rate hike by the Federal Reserve on Thursday after Kansas City Fed President Esther George told CNBC she sees rates above 5% for some time. The chances of a 50-basis-point February hike were seen at 43%, up from 30% a day ago.
US Trade Deficit Unexpectedly Plunges In Biggest Drop Since Global Financial CrisisJan 5, 2023 - 07:38:34 PST
strong or stronger than expected) has been viewed by markets as bad for risk assets as it signals continued economic strength and continued rate hikes by the Fed, we got yet another conflicting economic signal, this time from the latest US trade deficit, which narrowed in November by much more than expected.
Following S&P Global's signal of a second straight month of contraction in US Manufacturing, this morning's final print for December's Services PMI was expected at 44.4 (the same level as the flash print) but in fact improved marginally from the flash print to 44.7 (still back near the August lows)...
Inflation is the biggest headwind facing the U.S. economy right now and U.S. Federal Reserve officials "remain determined" to lower it back to the central bank's 2% target, Atlanta Federal Reserve bank president Raphael Bostic said on Thursday. Inflation "is way too high here in the United States....I and the Federal Open Market Committee remain determined to use our policy...
Gold prices retreated on Thursday as traders booked profits after the price of the yellow metal hit six-month highs.
China’s latest efforts to broaden interest in its onshore currency market show a firm commitment to bolstering the yuan’s global appeal as Beijing works on its approach to chip away at the US dollar’s hegemony.
The loss of billions of dollars through the collapse of FTX is beginning to echo through the economy. Both private investors and crypto holders lost big in the company’s collapse. With nearly 1 million customers, the similarities to previous large-scale collapses are obvious.