Nonetheless laborious to see the recession in (preliminary) August 2024 information.
Determine 1: Nonfarm Payroll (NFP) employment from CES (blue), implied NFP from preliminary benchmark...
Employment progress is slowing. Even taking the preliminary benchmark at face worth, we’re not in recession as of mid-August (when the survey is taken).
Determine...
Together with month-to-month GDP out at this time from S&P World Market Insights, and preliminary benchmark NFP:
Determine 1: Nonfarm Payroll (NFP) employment from CES (daring...
July nominal consumption progress at consensus (+0.5%). Month-on-Month annualized actual consumption progress at 4.5%, with June revised up from 2.6% to three.2%. Furthermore, annualized...
With the Fed’s industrial manufacturing launch (-0.6% m/m vs. -0.3% consensus) and retails gross sales (+1.0% m/m vs. +0.4% consensus), we've the next footage,...