Key Highlights Housing Market Trends The housing market displayed mixed trends in September, with existing and new home sales diverging significantly. Labor Market Dynamics The labor market has been deteriorating this year, with claims increasing and lasting longer. Consumer Sentiment…

Key Highlights Retail Sales The initial retail sales report for September showed a stronger-than-expected and accelerating 0.4% monthly gain in consumer spending. Residential Construction Trends Residential construction trends were weakly negative in September as both permits and starts declined, but…

Key Highlights Inflation Headline inflation, according to the consumer price index (CPI), increased 0.2% in September, which was more than expected. New-Vehicle Prices and Incentives New-vehicle prices and incentives showed mixed trends. Used-Vehicle and Wholesale Prices Used retail sales estimates…

Key Highlights Job Growth Surges in September September registered a stronger-than-expected uptick in job growth, with a total of 254,000 jobs created, outpacing the anticipated 150,000. Unemployment Rate and Labor Market Evolution While the headline unemployment rate saw a slight…

Key Highlights Economic Indicators and Consumer Spending According to the final estimate, second-quarter real GDP growth was unchanged at a strong 3.0%. GDP history was revised modestly upward back to 2019. Consumer spending growth slowed in August. July’s growth was…

Key Highlights Federal Reserve’s Monetary Policy Shift The Fed pivoted from hawk to dove and initiated the shift from a tight and restrictive monetary policy with a 50 basis points rate cut as they felt risks were more in balance…