Category: Economy

The ISM Non-Manufacturing index dropped to 49.6 in December, well below the consensus expected 55.0.  (Levels above 50 signal expansion; […]

Nonfarm payrolls increased 223,000 in December, beating the consensus expected 203,000.  Payroll gains for October and November were revised down […]

The ISM Manufacturing Index declined to 48.4 in December, narrowly lagging the consensus expected 48.5. (Levels higher than 50 signal […]

The housing sector was a huge and early beneficiary of the super-loose monetary policy of 2020-21. But, once the Fed […]

New single-family home sales increased 5.8% in November to a 0.640 million annual rate, beating the consensus expected 0.600 million. […]

Personal income rose 0.4% in November (+0.3% including revisions to prior months) versus a consensus expected +0.3%.  Personal consumption increased […]

With the Christmas holiday, this weekend and offices closed Monday, we are sending you next week’s MMO a bit early. […]

Real GDP growth in Q3 was revised higher to a 3.2% annual rate from a prior estimate of 2.9%, beating […]

Last week Zero Hedge achieved the impossible, they managed to make a report from the Philadelphia Federal Reserve go viral. The topic […]

Existing home sales declined 7.7% in November to a 4.090 million annual rate, lagging the consensus expected 4.200 million.  Sales […]

Housing starts declined 0.5% in November to a 1.427 million annual rate, beating the consensus expected 1.400 million.  Starts are […]

What a difference a year makes! One year ago the Federal Reserve was forecasting that real GDP would grow a […]