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A Spurt of Better US Data Keeps a Soft Landing on Track
Economic indicators have gotten so downbeat over the last two months, with most coming in far below economists’ forecasts, that one would be forgiven for wondering if the economy would ever stabilize or just keep heading south until mass layoffs ensue. We did see a big 20k spike in initial jobless claims last week to 243k, which may raise a few eyebrows about a further slowdown in the job market, though we suspect the spike had more to do with the timing of hurricane Beryl than with the bottom falling out of the labor market. Of course, all these darkening clouds have come with a bright silver lining of moderating ... (full story)
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From bnnbloomberg.ca|Jul 19, 2024Federal Reserve Bank of New York President John Williams said the longer-term trends that led to declines in neutral levels for interest rates before the pandemic still prevail. ...
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From youtube.com/cmegroup|Jul 19, 2024U.K. retail sales data weak paired with lower than expected employment data today. Bob Iaccino has more information.
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- Posted: Jul 19, 2024 3:14pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,221
