The easing wave may subside, for now

The Fed’s rate cut last week was the latest installment of a global dovish push this year with the goal of extending an already long economic expansion. Yet the late-cycle easing may end soon. The Fed last week also signaled the potential completion of the rate cuts, significantly raising the bar for additional easing, in […]


ISM Non-Manufacturing Index increased to 54.7% in October

The October ISM Non-manufacturing index was at 54.7%, up from 52.6% in September. The employment index increased to 53.7%, from 50.4%. Note: Above 50 indicates expansion, below 50 contraction. From the Institute for Supply Management: October 2019 Non-Manufacturing ISM Report On Business® Economic activity in the non-manufacturing sector grew in October for the 117th consecutive […]


Trade Deficit decreased to $52.5 Billion in September

From the Department of Commerce reported: The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $52.5 billion in September, down $2.6 billion from $55.0 billion in August, revised. September exports were $206.0 billion, $1.8 billion less than August exports. September imports were $258.4 billion, […]


This election needs to be about the climate – because there is no bigger issue than it

The Guardian has reported this morning that: Labour, the Scottish National party and the Liberal Democrats have backed calls for a televised climate debate between party leaders ahead of the election, warning that time is running out to tackle the global heating emergency. School strikers, students and pensioners’ groups launched a campaign at the weekend to try […]


Tuesday: Trade Deficit, Job Openings, ISM Non-Mfg

From Matthew Graham at Mortgage News Daily: Mortgage Rates Holding Gain, But Volatility Could Increase Mortgage rates were flat to slightly higher today after dropping at fairly quick pace last week. In fact, if we’re only examining one-day changes in rates, Thursday’s drop was the quickest drop in months! That may sound slightly more impressive […]