By multiple measures, the US job market is very tight. The January unemployment rate, at 3.4%, was the lowest since the late 1960s. For the Fed, this likely complicates the already-difficult task of deciding when to end the current tightening cycle.
In October, real US goods imports were up and exports were down. Both showed growth across comparable periods from 2021 to 2022. Benign, upward-trending trade numbers conceal a lot of turbulence in component categories, however.
In October, real US goods imports were up and exports were down. Both showed growth across comparable periods from 2021 to 2022. Benign, upward-trending trade numbers conceal a lot of turbulence in component categories, however.
In October, real US goods imports were up and exports were down. Both showed growth across comparable periods from 2021 to 2022. Benign, upward-trending trade numbers conceal a lot of turbulence in component categories, however.
In October, real US goods imports were up and exports were down. Both showed growth across comparable periods from 2021 to 2022. Benign, upward-trending trade numbers conceal a lot of turbulence in component categories, however.
For October, both disposable income and real personal consumption expenditures were up. This is not consistent with a rapidly slowing economy, nor do the latest numbers support a restoration of the balance of goods and services consumption to pre-pandemic norms.
For a large collection of major economies, goods trade dipped from Q2 to Q3. The dip comes after a two-year stretch of trade growth that differed markedly from the decade before and that took trade values to new heights.
Euro Area government debt was reported as down this past week. But the risk posed by high levels of government remains, and not just in Europe.