Retail Sales Nov 2022
Retail sales declined 0.6% in November (-0.7% including revisions to prior months), coming in well below the consensus expected decline […]
Retail sales declined 0.6% in November (-0.7% including revisions to prior months), coming in well below the consensus expected decline […]
Industrial production declined 0.2% in November, lagging the consensus expectation of no change. Utilities output rose 3.6% in November, while […]
The Fed downshifted to smaller rate hikes but isn’t close to done. In contrast to the 75 basis point rate […]
The Consumer Price Index (CPI) rose 0.1% in November, below the consensus expected +0.3%. The CPI is up 7.1% from […]
The reasons for inflation are somewhat mysterious and unreliable and sporadic. Sometimes a given set of circumstances will give rise […]
Predicting stock values in 2023 is tough. Unprecedented actions during COVID leaves a wide range of possible outcomes. Let us […]
The Producer Price Index (PPI) rose 0.3% in November, coming in above the consensus expected +0.2%. Producer prices are up […]
The trade deficit in goods and services came in at $78.2 billion in October, smaller than the consensus expected $80.0 […]
The ISM Non-Manufacturing index increased to 56.5 in November, well above the consensus expected 53.5. (Levels above 50 signal expansion; […]
Our position on the economy has been that the US is headed for a recession, but we’re not quite there […]
Nonfarm payrolls increased 263,000 in November, beating the consensus expected 200,000. Payroll gains for September and October were revised down […]
The ISM Manufacturing Index declined to 49.0 in November, lagging the consensus expected 49.7. (Levels higher than 50 signal expansion; […]
Personal income rose 0.7% in October (+0.5% including revisions to prior months), beating the consensus expected +0.4%. Personal consumption increased […]
