Recession May Already Be Here
[ad_1] The debate about recession risk is pointless. We are already in a recession. Real GDP (gross domestic product) in the United States declined at an annual rate of 1.6%…
Initial Jobless Claims Soars To Highest Since Nov 2021
[ad_1] Following the very mixed message from last Friday’s jobs data, this morning’s initial claims data was definitelky worse – with 244k Americans filing for unemployment benefits for the first…
Producer Price Inflation Unexpectedly Surges Back Near Record Highs In June
[ad_1] Following yesterday’s CPI scare, analysts were hoping that Producer Prices will decelerate modestly. They were wrong, very wrong. PPI printed 11.3% YoY in June (nback up near record highs…
Stocks Bounce Off Lows as Traders Temper Fed Bets: Markets Wrap
[ad_1] (Bloomberg) — Stocks closed well off session lows as comments from Federal Reserve officials brought some relief to investors worried that a more aggressive pace of rate hikes could…
Libor Jumps Most Since 2008 as Traders Bet on Bigger Fed Hikes
[ad_1] (Bloomberg) — The three-month London interbank offered rate for dollars notched its biggest increase since 2008, soaring to the highest level in more than three years as traders anticipate…