Category: Economy

Personal income rose 0.2% in December, matching consensus expectations.  Personal consumption declined 0.2% in December (-0.5% including revisions to prior […]

New single-family home sales increased 2.3% in December to a 0.616 million annual rate, narrowly beating the consensus expected 0.612 […]

New orders for durable goods rose 5.6% in December (+6.1% including revisions to prior months), easily beating the consensus expected […]

Real GDP increased at a 2.9% annual rate in Q4, beating the consensus expected 2.6%. The largest positive contributions to […]

First, the good news: we estimate that real GDP grew at a solid 2.8% annual rate in the fourth quarter. […]

Existing home sales declined 1.5% in December to a 4.020 million annual rate, beating the consensus expected 3.950 million.  Sales […]

Industrial production fell 0.7% in December (-1.0% including revisions to prior months), well below the consensus expected decline of -0.1%. […]

Retail sales declined 1.1% in December (-1.8% including revisions to prior months), lagging the consensus expected decline of 0.9%.  Retail […]

The Producer Price Index (PPI) declined 0.5% in December, coming in well below the consensus expected -0.1%.  Producer prices are […]

We wrote last week about the soft landing that markets now seem to expect.  If the US does have a […]

The Consumer Price Index (CPI) declined 0.1% in December, matching consensus expectations. The CPI is up 6.5% from a year […]

Not long after Friday’s Employment Report multiple analysts and commentators were calling it a “goldilocks” report, by which they meant […]