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Total Loss Increasingly Likely If You Wreck Your Car
Article By:
Mish Shedlock
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Friday, May 24, 2024 8:05 PM EDT
Let’s check out some charts from the latest Fed survey on how well people are doing financially.
In this article: TGT
Another Massive Revision, This Time Durable Goods, What’s Going On
Article By:
Mish Shedlock
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Friday, May 24, 2024 5:45 PM EDT
The Commerce Department revised March durable goods orders from +2.6 percent to +0.8 percent. Now it reports a 0.7 percent gain vs. an expectation of -0.5 percent.
Navigating Inflation: The FOMC’s Single Mandate
Article By:
WisdomTree
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Friday, May 24, 2024 4:45 PM EDT
The Federal Open Market Committee is always data-dependent. But the dependency is not always the same. There are times when inflation matters more than the labor market, and times when the situation is reversed. This time, it is a confidence game.
Canadian Dollar Pares Losses On Friday Despite Downturn In Canadian Retail Sales
Article By:
Joshua Gibson
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Friday, May 24, 2024 3:00 PM EDT
The Canadian dollar recovered ground on Friday, sparked by a shift in investor risk appetite. US Durable Goods Orders data snubbed an expected decline, and Consumer five-year Inflation Expectations in May eased slightly.
Fed Funds Futures Market Starts To Flirt With Rate Hike Possibility
Article By:
James Picerno
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Friday, May 24, 2024 1:00 PM EDT
The monetary policy outlook has been uncertain, but primarily in terms of the timing of the first rate cut. But that’s starting to change as Fed funds futures price in the possibility of a rate hike.
Calmer Markets Ahead Of The Weekend
Article By:
Marc Chandler
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Friday, May 24, 2024 12:45 PM EDT
The dollar is paring yesterday's advance that was spurred by the rise in US rates following the preliminary PMI, which reached its best level in two years. The dollar is in narrow trading ranges, but it's softer against nearly all the G10 currencies.
Real Disposable Personal Income Per Capita Is Also Hoisting A Yellow Caution Flag
Article By:
New Deal Democrat
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Friday, May 24, 2024 11:46 AM EDT
In other words, excepting tax law changes, gains in real disposable personal income per capita as low as they have been recently have generally been associated with economic downturns.
Economics 101: Government Tinkering With Prices Is Like Hiding All Of The Street Signs
Article By:
Stefan Gleason
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Friday, May 24, 2024 11:36 AM EDT
Price manipulation creates all kinds of unseen negative consequences. “Change all traffic signs in the defensive area to confuse rapidly-moving attack forces.” Changing basic points of reference certainly makes it more difficult to navigate.
Pendulum Swings Back To Hawkish Fed Pricing
Video By:
LMAX Group
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Friday, May 24, 2024 6:36 AM EDT
The big story in the second half of the week has been a run of US calendar events that have fueled a hawkish repricing of Fed rate cut bets.
Setting The Stage For Another Test Of The Bank Of Japan's Intervention Resolve ?
Article By:
Stephen Innes
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Friday, May 24, 2024 5:36 AM EDT
The hawkish tone of the Federal Reserve minutes, coupled with a fall in global risk sentiment, has led to a moderate strengthening of the dollar across the board
The Risk Of Recession Isn’t Zero
Article By:
Lance Roberts
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Friday, May 24, 2024 5:28 AM EDT
Another historically reliable recession indicator is the 6-month rate of change of the Leading Economic Index. As with yield curve inversion, the current depth and duration of the LEI’s negative readings have always coincided with a recession.
German Economy Leaves Stagnation Behind
Article By:
Carsten Brzeski
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Friday, May 24, 2024 3:50 AM EDT
The details of first quarter GDP growth illustrate that the cycle has turned, but it’s a very gradual transition.
Competing Forces On Rent, Where Do We Put 8 Million Illegal Immigrants?
Article By:
Mish Shedlock
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Friday, May 24, 2024 1:30 AM EDT
Millions of immigrants keep pouring in. New residential construction has stalled and multi-family construction is in decline. Completions are rising, but is that enough housing?
Canadian Dollar Extends The Downside Below 1.3750 Ahead Of Canadian Retail Sales Data
Article By:
Lallalit Srijandorn
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Friday, May 24, 2024 12:30 AM EDT
The USD/CAD pair trades on a stronger note for the fifth consecutive day near 1.3730 on Friday during the Asian trading hours. The stronger US Dollar (USD) following the upbeat US PMI data provides some support to the pair.