US Rapid Response ISM Manufacturing Index (Nov.) The unchanged reading of 46.7 for the ISM manufacturing index in November suggests that manufacturing activity continued to struggle despite the end of the United Auto Workers strike. There will... 1st December 2023 · 2 mins read
US Rapid Response Consumer Prices (Oct.) The softer 0.2% m/m rise in core consumer prices in October makes it even less likely that the Fed will raise rates any further, and we expect a continued decline in inflation over the coming months... 14th November 2023 · 2 mins read
US Rapid Response Employment Report (Oct.) The muted 150,000 gain in non-farm payrolls in October is another sign that the economy’s strength in the third quarter is likely to unwind in the fourth. With wage growth also continuing to slow, it... 3rd November 2023 · 3 mins read
US Rapid Response ISM Manufacturing Index (Oct.) The surprise slump in the ISM manufacturing index to 46.7 in October, from 49.0, suggests the recent recovery in factory-sector activity is fading and supports our view that the upturn in economic... 1st November 2023 · 2 mins read
US Rapid Response Employment Cost Index (Q3) The slightly stronger 1.1% increase in the employment cost index in the third quarter is another sign that the earlier rapid easing in labour market conditions may be fading, but the forward-looking... 31st October 2023 · 2 mins read
US Rapid Response Personal Income & Spending (Sep.) The stronger gains in real consumption and the core PCE price index in September are a potential concern for Fed officials, but won’t be enough to convince them to resume raising interest rates next... 27th October 2023 · 2 mins read
