Daily Brief: Consumer Confidence Slides to 90.8 as Fed Weighs a Surprise Rate Hike
Consumer confidence fell 1.4 points to 90.8 in July, its third straight monthly decline, as the FOMC meets to decide on rates with a 38% chance of a...
Daily Brief: Goods Deficit Narrows to $101.5 Billion as Housing Prices Inch Higher
The U.S. goods trade deficit fell to $101.5 billion in June, beating expectations, while FHFA data showed home prices up 2.2% year-over-year. A packed...
Daily Brief: 7.6 Million Job Openings, 61.5% Participation, and a Workforce That’s Getting Older
America has 7.6M job openings and exactly 1 unemployed person per opening. Construction needs 349K workers. Here's why the labor shortage is now a...
Daily Brief: Durable Goods Orders Miss Expectations as Boeing Drag Masks Core Business Spending Strength
June durable goods orders rose just 0.3%, missing the 2.1% consensus. But strip out Boeing and core capex beat at +0.9%. A monster week lies ahead.
Daily Brief: Services PMI Surges to 53.6 as Economy Defies Slowdown Fears
Services PMI surged to 53.6 in July, crushing expectations, while new home sales beat at 628K. Combined with yesterday's 187K jobless claims print, the...
Daily Brief: Jobless Claims Plunge to 187K — 57-Year Low Throws Cold Water on Rate Cuts
Initial jobless claims fell to 187,000 — a 57-year low — demolishing the 212,000 consensus. Here's what the historic print means for next week's FOMC.
Daily Brief: The Calm Before the Deluge — No Data Today, Everything Tomorrow
No major U.S. economic data today, but starting Thursday it is a two-week sprint through jobless claims, flash PMIs, new home sales, FOMC, Q2 GDP, and PCE.
Daily Brief: Earnings Beat and Ceasefire Hopes Lift Markets as Oil Retreats From $90
Nasdaq futures jumped 1.4% as chip stocks rebounded, 87% of early S&P 500 earnings beat estimates, and ceasefire diplomacy pulled oil back from...
Daily Brief: 7.6 Million Job Openings, Zero Workforce Growth — America’s Labor Shortage Grinds On
7.6M job openings, +57K payrolls, and a baffling drop in young workers: America's labor shortage isn't going anywhere. Here's what the latest data...
Daily Brief: The Calm Before the FOMC Storm — One Quiet Week Before the Year’s Biggest Data Dump
Markets face the lightest economic calendar of July as the LEI drops today — then next week unleashes FOMC, Q2 GDP, PCE inflation, and the employment...