ISM Manufacturing Index Jan 2023
The ISM Manufacturing Index declined to 47.4 in January, lagging the consensus expected 48.0. (Levels higher than 50 signal expansion; […]
The ISM Manufacturing Index declined to 47.4 in January, lagging the consensus expected 48.0. (Levels higher than 50 signal expansion; […]
The US federal budget is on an unsustainable path…but not for the reasons that most people think. Yes, the national […]
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 […]
VIEW FROM THE OBSERVATION DECK Today’s table highlights the last five times the Federal Reserve (“Fed”) increased the federal funds […]
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 […]
VIEW FROM THE OBSERVATION DECK • Small-cap and mid-cap stocks outperformed their large-cap counterpart in 2022 and the trend continues […]
Industrial production fell 0.7% in December (-1.0% including revisions to prior months), well below the consensus expected decline of -0.1%. […]
