U.S. Document Vault
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We're expecting to learn today that existing home sales rose quite sharply in July, perhaps reaching the highest level since early 2018.... More by Ian Shepherdson
Halfway through the third quarter, we have no objection to the idea that GDP growth likely will exceed 2% for the third straight quarter.... More by Ian Shepherdson
In one line: Trade wars have consequences.... More by Ian Shepherdson
A big picture approach to the China trade war, from the perspective of Mr. Trump, is reasonably positive. The president very clearly wants to be re-elected, and he knows that his chances are better if the economy and the stock market are in good shape.... More by Ian Shepherdson
In one line: Ignore the headline; what matters is the emerging rising trend in single-family permits.... More by Ian Shepherdson
The surge in July core retail sales was flattered by the impact of the Amazon Prime Event, which helped drive a 2.8% leap in sales at nonstore retailers.... More by Ian Shepherdson
In one line: Spectacular, thanks in large part to the Amazon Prime event.... More by Ian Shepherdson
Today brings an astonishing eight economic reports, so by the end of the wave of numbers we'll have a pretty good idea of how the economy performed in the first month of the third quarter.... More by Ian Shepherdson
President Trump blinked again yesterday, delaying tariffs on some $150B-worth of Chinese consumer goods until December 15.... More by Ian Shepherdson
In one line: Not yet an accelerating trend, but labor cost and tariff pressures are visible.... More by Ian Shepherdson
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