Personal nonfarm payroll employment surprises on the upside (large time): 223K vs 125K consensus (whole NFP 254K vs. 147K consensus). Furthermore, the earlier two...
Excessive frequency indicators (PMI, and so forth.) counsel — and have urged — a slowdown in manufacturing. Nonetheless, different indicators point out sideways trending....
Right here’s a snapshot of nowcasts and forecasts as of right this moment:
Determine 1: GDP (daring black), Abstract of Financial Projections median (inverted mild...
Not as of August, incorporating newest capability utilization and manufacturing information, I’m tempted to say no, even incorporating at face worth the preliminary benchmark...
St. Louis and NY Feds have new nowcasts.
Determine 1: GDP (daring black), Survey of Skilled Forecasters August median forecast (tan), GDPNow of 9/9 (blue...