Daily Brief: Consumer Sentiment Tumbles to 46.3 as October Gloom Sets In
Michigan consumer sentiment fell to 46.3 in October as current conditions cratered 12.2%. FOMC minutes revealed broad support for more rate hikes ahead.
Daily Brief: Construction Spending Surges 0.9% as ISM Manufacturing Slips to 54.5
ISM Manufacturing slipped to 54.5 in September while construction spending unexpectedly surged 0.9% — a tale of two economies as jobless claims hold at...
Daily Brief: Consumer Confidence Plunges 6.7 Points — Biggest Drop in Over a Year
Consumer confidence crashed to 81.9 in September, a 6.7-point miss vs. consensus. Rate hikes, Iran Strait tensions, and a softening labor market all...
Daily Brief: Core Capital Goods Orders Jump 1.6% as Business Investment Defies the Doomers
Durable goods orders beat forecasts in August, but a 1.6% surge in core capital goods tells the real story: business investment is not slowing down.
Daily Brief: US Business Growth Surges to Five-Year High as PMIs Blow Past Forecasts
S&P Flash PMIs for September smashed expectations: manufacturing hit 57.0, services reached 58.7, and the composite climbed to 58.4 — the fastest...
Daily Brief: Philly Fed Cools to 37.8 as Manufacturing Expansion Loses Steam
Philly Fed manufacturing index drops to 37.8 from 47.4. Jobless claims fall to 196K. Growth continues — just slower, with employment and prices...
Daily Brief: NFIB Small Business Optimism Dips to 98.7 as Sales Weaken and Inflation Creeps Back
Small business optimism cooled to 98.7 in August — still above the 52-year average and ahead of consensus — but weakening sales and resurgent inflation...
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: 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: Oil Drops as Bessent Prepares Iran ‘Economic D-Day,’ But This Week’s Real Fireworks Are Still to Come
Oil slides ahead of Bessent's Iran speech, CFNAI turns negative, and a monster week looms: PCE, GDP, Nvidia earnings, and Jackson Hole all hit within...