Business Conditions
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Housing Market Outlook Darkens as Mortgage Rates Rise
“Single-family housing starts and permits fell again in October as demand continued to weaken. Plunging homebuilder sentiment suggests an unfavorable outlook for housing.” ~ Robert Hughes
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Weekly Initial Claims for Unemployment Insurance Remain Stable
“Weekly initial claims fell, and the low level suggests the labor market remains tight. Rapid price increases and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes
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Motor Vehicle Production Boosts Manufacturing Output in October
“Industrial-sector output fell in October though motor vehicle production rose. Elevated price pressures, weak consumer sentiment, and an aggressive Fed tightening cycle remain risks. Caution is warranted.” ~ Robert Hughes
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Retail Spending Was Strong in October
“Retail spending was strong in October, but the recent inflation-adjusted trend remains weak. Threats to the economy remain significant, and risks remain elevated. Caution is warranted.” ~ Robert Hughes
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Consumer Sentiment Declined in Early November
“Consumer sentiment fell in early November and remains at recessionary levels. Inflation expectations ticked up, but long-run expectations remain well anchored.” ~ Robert Hughes
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Weekly Initial Claims Rose Slightly, but the Labor Market Remains Tight
“Weekly initial claims rose, but the low level suggests the labor market remains tight. Rapid price increases and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes
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AIER’s Everyday Price Index Rises After Three Consecutive Declines
“AIER’s Everyday Price Index rose 0.7 in October, driven by gasoline and food prices. An aggressive Fed tightening cycle, consumer pessimism, and fallout from the Russian invasion of Ukraine remain threats to the economic outlook.” ~ Robert Hughes
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Payroll Growth Continues, but the Pace Is Slowing
“Payrolls posted gains in October, but the pace appears to be slowing. Mixed signs for the labor market, sustained price pressures, and an aggressive Fed tightening cycle remain risks to the outlook.” ~ Robert Hughes
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Slower Expansion in the Services-Sector in October
“Services-sector expansion slowed in October, but price pressures ticked up. The outlook remains highly uncertain.” ~ Robert Hughes
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Weekly Initial Claims Suggest the Labor Market Remains Tight
“Weekly initial claims fell slightly, and the low level suggests the labor market remains tight. Rapid price increases and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes
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•
Housing Market Outlook Darkens as Mortgage Rates Rise
“Single-family housing starts and permits fell again in October as demand continued to weaken. Plunging homebuilder sentiment suggests an unfavorable outlook for housing.” ~ Robert Hughes
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•
Weekly Initial Claims for Unemployment Insurance Remain Stable
“Weekly initial claims fell, and the low level suggests the labor market remains tight. Rapid price increases and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes
-
•
Motor Vehicle Production Boosts Manufacturing Output in October
“Industrial-sector output fell in October though motor vehicle production rose. Elevated price pressures, weak consumer sentiment, and an aggressive Fed tightening cycle remain risks. Caution is warranted.” ~ Robert Hughes
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•
Retail Spending Was Strong in October
“Retail spending was strong in October, but the recent inflation-adjusted trend remains weak. Threats to the economy remain significant, and risks remain elevated. Caution is warranted.” ~ Robert Hughes
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•
Consumer Sentiment Declined in Early November
“Consumer sentiment fell in early November and remains at recessionary levels. Inflation expectations ticked up, but long-run expectations remain well anchored.” ~ Robert Hughes
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•
Weekly Initial Claims Rose Slightly, but the Labor Market Remains Tight
“Weekly initial claims rose, but the low level suggests the labor market remains tight. Rapid price increases and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes
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•
AIER’s Everyday Price Index Rises After Three Consecutive Declines
“AIER’s Everyday Price Index rose 0.7 in October, driven by gasoline and food prices. An aggressive Fed tightening cycle, consumer pessimism, and fallout from the Russian invasion of Ukraine remain threats to the economic outlook.” ~ Robert Hughes
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•
Payroll Growth Continues, but the Pace Is Slowing
“Payrolls posted gains in October, but the pace appears to be slowing. Mixed signs for the labor market, sustained price pressures, and an aggressive Fed tightening cycle remain risks to the outlook.” ~ Robert Hughes
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•
Slower Expansion in the Services-Sector in October
“Services-sector expansion slowed in October, but price pressures ticked up. The outlook remains highly uncertain.” ~ Robert Hughes
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•
Weekly Initial Claims Suggest the Labor Market Remains Tight
“Weekly initial claims fell slightly, and the low level suggests the labor market remains tight. Rapid price increases and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes