by Simona Mocuta | Jan 14, 2025 | Economic Perspectives
For anyone who was hoping to ease into the macro data releases of the new year, the December employment report certainly did not offer such opportunity. Reported job gains totaled 256k, far above the 165k consensus. Revisions to the prior two months were...
by Simona Mocuta | Dec 17, 2024 | Economic Perspectives
The last inflation report before year-end cemented market expectations of another Fed rate cut at the December 18 meeting. This had long been our view, even as doubts grew around its likelihood following the election results.This is not to say that this was...
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...
