Daily Brief: Markets Rest on Labor Day — But the Week Ahead Decides the Fed’s Next Move
U.S. markets are closed for Labor Day, but this week delivers the final inflation data before the Fed's September meeting. PPI Thursday, CPI Friday —...
Daily Brief: Jobs Smash Forecasts — Payrolls Surge by 162K in August
August payrolls surged by 162,000 — triple the consensus — as upward revisions erased July's losses. The labor market isn't cracking. Next week's CPI...
Daily Brief: Trade Deficit Hits $88.6B as Import Surge Overwhelms Export Dip
The U.S. trade deficit widened 20% to $88.6B in July as imports surged. Productivity revised up to 1.4%, unit labor costs fell to 1.2%, and job cuts...
Daily Brief: ADP Shows Just 38K Jobs Added in August as Hiring Slows to a Crawl
Private employers added just 38,000 jobs in August — a 9,000 miss below consensus and the slowest month since January. Manufacturing shed 17,000....
Daily Brief: Factory Growth Hits the Brakes — S&P PMI Drops to 53.2 Ahead of Today’s ISM Reveal
S&P Global Manufacturing PMI slips to 53.2 as factory expansion cools. ISM and JOLTS data at 10 a.m. could confirm — or complicate — the picture.
Daily Brief: America’s Labor Pool Is Shrinking — 7.4M Jobs, But Nobody to Fill Them
LFPR hits 61.4%, the lowest non-pandemic rate since 1976. 7.4M job openings face a shrinking workforce. Inside the numbers on who's leaving, why, and...
Daily Brief: Chicago PMI Collapses to 47.1 as Consumer Sentiment Confirms Its Slump
Chicago PMI plunged to 47.1 and consumer sentiment confirmed its slump at 51.7, but year-ahead inflation expectations eased to 4.0% — a mixed hand on...
Daily Brief: Corporate Profits Surge $400.9B as GDP Holds at a Tepid 1.5%
Q2 GDP held at 1.5%, but corporate profits surged $400.9B and inflation was revised up to 5.3% — a tricky setup for Warsh at Jackson Hole.
Daily Brief: Consumer Confidence Slips to 89.4 as Home Sales, Manufacturing Join the Pullback
Consumer confidence fell to 89.4 in August while new home sales cratered to 607K and Richmond Fed manufacturing slipped. A day of misses across the board.
Daily Brief: Payrolls Go Negative as 7.4M Openings Sit Unfilled — the Labor Shortage Isn’t Going Anywhere
July payrolls went negative for the first time in years while 7.4M job openings went unfilled. The labor shortage is a supply problem, not demand.