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The reports this week were mixed. Consumer debt continued to advance (entirely on increases in non-revolving debt) and on an annual basis is growing faster than consumer spending. Following two months of increases, vehicle sales eased at the...
The reports this week were mixed. The employment report was positive and showed that payrolls continued to expand through October. Wage gains continued to outpace inflation which supports consumer spending. With more entrants into the labor force,...
There were only a handful of reports this week and those were largely negative. Home sales continued to soften in September despite lower mortgage rates and continued employment growth. Orders for new durable goods also declined by more than...
The reports this week were on the soft side. Retail sales fell amid rising trade tensions that are weighing on consumer confidence and spending. The business inventory data indicate a continuing supply chain imbalance. September housing activity...
The reports this week were few and mixed. Consumers took on more debt. Wholesale trade was flat. Moreover, the inventory imbalance continues. In addition, slowing economic activity and rising trade tensions are causing small business optimism to...
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