Stronger Than Expected: June Producer Prices Surge Due to Business Markups
The June increase in producer prices was stronger than expected, driven by trade services (business markups). Businesses still maintain some pricing power. [...]
The June increase in producer prices was stronger than expected, driven by trade services (business markups). Businesses still maintain some pricing power. [...]
While the June headline payrolls figure exceeded expectations, private sector job gains were much softer than anticipated. The ISM Services PMI dipped back [...]
The core PCE inflation measure slowed sharply in May. Source: @economics Read full article The ISM Manufacturing PMI held in [...]
US business activity strengthened this month, according to the PMI report from S&P Global. Factories have increased their hiring. The Conference Board’s leading [...]
The University of Michigan’s consumer sentiment index unexpectedly fell this month. Buying conditions for durables continue to worsen. The [...]
The employment report exceeded expectations, with 272k jobs added in May. Conversely, the Household Survey data indicated a sharp decline in employment, suggesting [...]
Treasury yields have now been inverted for the longest stretch on record, with the spread between the 2-year (US2Y) and 10-year Treasury (US10Y) [...]
Economists are increasingly bullish on consumer spending growth this year. Business investment projections are also getting upgraded. The average monthly job gains estimates [...]
Bloomberg’s latest Fed Minutes Sentiment Indicator was roughly neutral, but some language in the minutes is hawkish, as seen in the broader Fed [...]
Consumer sentiment deteriorated more than expected at the beginning of May, according to the latest U. Michigan survey. Households are increasingly [...]