by Simona Mocuta | Dec 9, 2024 | Economic Perspectives
There was a lot of anxious anticipation ahead of the November employment report given this was supposed to provide a cleaner view of the labor market health following a very weak weather-distorted October report. A weak print could have reignited concerns about the...
by Simona Mocuta | Dec 2, 2024 | Economic Perspectives
Amid the high mortgage rates of the past couple of years, whatever meager housing market activity still occurred was heavily concentrated in the new home segment. This was a space where builders had some leeway to tweak building specifications toward smaller footage...
by Simona Mocuta | Nov 19, 2024 | Economic Perspectives
The consumer price data for October came in as expected, with overall prices rising 0.2% m/m and core prices (ex food and energy) up 0.3% m/m. This lifted the headline inflation rate by two tenths to 2.6% y/y while leaving the core inflation rate unchanged at 3.3%...
by Simona Mocuta | Nov 12, 2024 | Economic Perspectives
It is rare that a Fed meeting is not the main event during the week of its occurrence. But, when competing with general elections—as it did this round—there is no contest. So, the Fed’s well-anticipated 25-basis point cut had little impact on markets. The big moves...
by Simona Mocuta | Nov 4, 2024 | Economic Perspectives
This week’s US data was a study in contrasts. Third-quarter GDP data showed solid performance while the latest jobs data showed a clear cooling in the labor market, above and beyond hurricane and strikes impact. The combination should leave the Fed on track to...
