Job and Income Growth Remain Favorable Job and income growth remain favorable. Largely ignoring other news, consumers are still focused on job and income growth. Inflation expectations remain muted, supportive of a Fed rate cut next week. Wells Fargo October Fifth District Survey of Manufacturing Activity Reports Activity Strengthened The Federal Reserve Bank of Richmond [...]
The First Crack in the Foundation The first crack in the foundation may be the 0.3% decline in September retail sales. Amid the ongoing trade war and worries about a potential recession, the strength of consumer spending has been a needed counterweight." Wells-Fargo Business Activity Grew Slightly in Empire State The Federal Reserve Bank of [...]
Small Business Optimism Index Indicates Consistent Economic Growth The National Federation of Independent Business (NFIB) Small Business Optimism Index indicates consistent economic growth, though it fell modestly in September. Hiring and investment have moderated. US Drill Rigs Running Down From Previous Week There were 855 drill rigs running in the US last week, down 5 [...]
The Midwest Economy Index Moved Up in August The Midwest Economy Index (MEI) moved up to -0.26 in August from -0.37 in July. Contributions to the August MEI from three of the four broad sectors of nonfarm business activity and one of the five Seventh Federal Reserve District states increased from July. Chicago Business Barometer [...]
