๐Ÿ“ˆ Macroeconomics

S&P Global Flash US Composite PMI Alert! The headline Flash US PMI Composite Output Index registered 47.3 in October, down from 49.5 in September. With the exception of the initial pandemic period, the rate of decrease was the second-fastest since 2009.

Challenging demand conditions and inflation concerns weigh on US private sector in October. Key findings: * Flash US PMI Composite Output Index (1) at 47.3 (September: 49.5). 2-month low. * Flash US Services Business Activity Index(2) at 46.6 (September: 49.3). 2-month low. * Flash US Manufacturing Output Index(
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

The Mortgage Bankers Association is expecting a recession to hit in 2023, and expects rates to fall to 5.4% by the end of next year. โ€œWeโ€™re beginning to see some significant signs of softening in the labor market,โ€

The Mortgage Bankers Association is expecting a recession to hit in 2023, and expects rates to fall to 5.4% by the end of next year. โ€œWeโ€™re beginning to see some significant signs of softening in the labor market,โ€ โ€œI do expect the next couple of months are gonna
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

Recession Alert! The Conference Board Leading Economic Index for the U.S. decreased by 0.4 percent in September 2022.

Recession Alert! The Conference Board Leading Economic Index for the U.S. decreased by 0.4 percent in September 2022. โ€œThe US LEI fell again in September and its persistent downward trajectory in recent months suggests a recession is increasingly likely before yearend,โ€ Source The Conference Board Leading Economic Indexยฎ
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics