Atlanta Fed GDPNow data, chart by Mish Chart Notes The blue line is the base forecast. It’s all the public sees or hears when the BEA releases its GDP report, but it’s not what matters most. The red line is actual final sales (RFS). This is the bottom line estimate for the economy and what …
Despite strong spending in October, GDPNow forecasts have plunged, why? Read More »
Inflation showed welcome signs of moderating in October, but remained uncomfortably fast even as a slew of economic data underlined that a return to normal price increases could take time. Prices as measured by the Personal Consumer Expenditure Index, the measure the Federal Reserve is watching most closely, climbed 6% on the year to October, …
The Fed’s favorite inflation gauge slowed in October Read More »
Inflation showed welcome signs of moderating in October, but remained uncomfortably fast even as a slew of economic data underlined that a return to normal price increases could take time. Prices as measured by the Personal Consumption Expenditure Index, the metric the Federal Reserve is watching most closely, rose 6% in the year to October, …
The Fed’s favorite inflation gauge slowed in October Read More »
November 28, 2022 Components of the broad monetary aggregate M3 The annual growth rate of the broad monetary aggregate M3 decreased from 6.3% in September to 5.1% in October 2022.[1], averaging 5.8% in the three months to October. The components of M3 showed the following evolutions. The annual growth rate of the narrower aggregate M1, …
Monetary developments in the euro area: October 2022 Read More »
U.S. home sales fell for the ninth straight month in October as soaring mortgage rates and high prices pushed buyers out of the market. Sales of existing homes — which include single-family homes, townhouses, condominiums and co-ops — were down 28.4% in October from a year ago and 5.9% from September , according to a …
U.S. home sales fell for the ninth straight month in October as soaring mortgage rates and high prices pushed buyers out of the market. Sales of existing homes — which include single-family homes, townhouses, condominiums and co-ops — were down 28.4% in October from a year ago and 5.9% from September , according to a …
Minneapolis CNN Business — US shoppers spent more in October, showing continued resilience amid still-high inflation and an early start to the holiday shopping season. US retail sales rose 1.3% in October, the Census Bureau reported Wednesday. It’s the biggest monthly gain since February and better than 1% economists had expected. consumer spending was flat …
