Business Conditions

“Services-sector expansion slowed in October, but price pressures ticked up. The outlook remains highly uncertain.” ~ Robert Hughes

“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

“The latest manufacturing survey suggests weakening activity and falling price pressures. The outlook remains highly uncertain. Caution is warranted.” ~ Robert Hughes

“Private-sector job openings rebounded slightly in September, suggesting continued resilience. However, the outlook remains highly uncertain.” ~ Robert Hughes

“Consumer sentiment was little changed in October as current views improved, but expectations fell. Both remain consistent with prior recessions.” ~ Robert Hughes

“Only one category of durable-goods orders rose in September, suggesting caution.” ~ Robert Hughes

“Weekly initial claims rose slightly, but the low level suggests the labor market remains solid. Rapid price increases and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes

“Real GDP growth rebounded in the third quarter, but pockets of weakness are significant. Caution is warranted.” ~ Robert Hughes

“New-home sales fell in September, and inventories rose again. Elevated prices and surging mortgage rates reduce affordability and are likely to weaken future demand.” ~ Robert Hughes

“Consumer confidence fell in October as inflation expectations ticked up slightly. An aggressive Fed tightening cycle, elevated price pressures, and the fallout from the Russian war in Ukraine remain risks for the economic outlook.” ~ Robert Hughes