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The startling jump in the ISM services price index is the main story from the survey, released yesterday, not the modest and likely temporary dip in the headline index.
3rd Mar 2021 19:20U.S.
US 27 Jan 2021
26th Jan 2021 19:20U.S.
Most people buy homes--new and existing--with mortgage finance, so it follows that mortgage demand ought to lead the sales numbers.
21st Jan 2021 19:20U.S.
Most of the time, we don't pay too much attention to the weekly mortgage applications numbers from the Mortgage Bankers Association, because the noise-to- signal ratio is too...
8th Dec 2020 19:20U.S.
While we wait to see the extent to which Thanksgiving travel and family gatherings interrupted the emerging downshift in U.S. Covid cases, this week brings a ton of new data on...
30th Nov 2020 19:20U.S.
After five straight months of gains, during which the food service component of retail sales recovered 73% of the ground lost in March and April, during the initial Covid...
17th Nov 2020 19:20U.S.
As we reach our deadline on Tuesday afternoon, Eastern time, no agreement has been reached between Treasury Secretary Mnuchin and House Speaker Pelosi on the next Covid relief...
20th Oct 2020 20:10U.S.
The Fed made no changes to policy yesterday, as was almost universally expected.
29th Jul 2020 20:10U.S.
We remain very bullish on the housing market, given sustained 11-year highs in applications for new mortgages to finance house purchase.
21st Jul 2020 20:20U.S.
ADP's measure of May private payrolls undershot the official estimate by 5.6 million, surprising everyone after it nailed the April catastrophe.
1st Jul 2020 20:20U.S.
The headline May durable goods orders numbers today probably will look very strong, with the odds favoring a much bigger increase than the 10.1% consensus; we'll come back to...
24th Jun 2020 20:10U.S.
Today brings only the May existing home sales report, previewed below, so we have an opportunity to look over the latest near-real-time data on economic activity. The picture is...
21st Jun 2020 20:20U.S.
We're braced for disappointing jobless claims numbers today.
17th Jun 2020 20:10U.S.
Here's something we didn't expect to write: The control measure of retail sales in May was slightly higher than in February.
16th Jun 2020 20:20U.S.
The two marquee economic reports today, covering May retail sales and industrial production, will capture the initial rebound after the economy hit bottom sometime in mid-April.
15th Jun 2020 20:20U.S.
Beyond the immediate wild swings in prices for food, clothing, hotel rooms and airline fares, the medium-term impact of the Covid outbreak on U.S. inflation will depend...
27th May 2020 20:10U.S.
Fed Chair Powell broke no new ground in his Senate Testimony alongside--virtually--Treasury Secretary Mnuchin yesterday, maintaining the cautious tone of his recent public...
19th May 2020 20:20U.S.
We're expecting to see the sixth straight drop in initial jobless claims this week, though we think the 2,500K consensus forecast is too ambitious.
13th May 2020 20:10U.S.
The re-opening of businesses in Georgia, South Carolina and Tennessee, starting this week and expanding next week, comes as the rate of increase of confirmed Covid-19 infections...
21st Apr 2020 20:20U.S.
The consensus for today's first post-apocalypse jobless claims number, 1,500K, looks much too low.
25th Mar 2020 20:10U.S.
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