October 17, 2022 | Finding more evidence of supply-driven inflation alleviating: Prices producers pay for goods in China came in lower than anticipated, and has been moving lower throughout ’22. Good news as China’s Producer Price index (PPI) has historically correlated with the U.S. Source: thedailyshot, Allianz
...October 17, 2022 | The U.S. consumer has been a lynchpin of the economy; The savings they accrued during the pandemic have helped drive the continued spending in these challenging markets.While savings have been drawn down, there is still ample dry powder left. Source: Torsten Slok
...October 10, 2022 | The U.S. consumer’s savings rate continues to trend at some of the lowest levels seen in the past decade. The U.S. consumer is continuing to spend in the face of global headwinds.Lower Savings Rate = More Spending = Stronger Economy in the near-term. Source: thedailyshot
...October 10, 2022 | The starting points matter. This current tightening cycle is one for the record books. Not only from a speed & absolute perspective, but also from a percentage standpoint, taking into account where interest rates originally started the current cycle. Source: Source Financial Advisors
...October 10, 2022 | U.S. Imports dropped for the 3rd consecutive month by -1.13% (month over month). We will be watching imports very closely to see if this trend continues. U.S. Imports are a great forward proxy for aggregate demand. Higher US demand = the more the U.S. imports. Source: Source Financial Advisors
...October 10, 2022 | The U.S. Jobs report showed signs of a looser labor market. The Fed wants lower inflation and labor markets are one of the key factors driving the Fed’s decision for continued aggressive monetary policy. Looser Labor Market = Lower Wage Gains = Lower Inflation Source: thedailyshot
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