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The labor market imbalance persists

US imports will ease further as demand softens

No “pivot”

Job postings are drifting lower

The pullback in “non-necessary” spending

Service sector activity slumps

Flattening US inflation expectations curve

Americans increasingly hold two full-time jobs

US leading index down for the 5th month in a row

Retail sales remain robust

Construction of built-for-rent houses accelerates

Further signs of US manufacturing recession

The PBoC surprises with a rate cut amid soft economic data

Midwest business activity slumps

Risk assets cheer the CPI miss

Small business sales expectations look recessionary

Inflation expectations drop sharply

Wage growth upside surprise adds fuel to the FOMC’s hawkish sentiment

Initial jobless claims are now firmly above pre-COVID levels

Tracking recession signals

Job vacancies in retail registered a record decline

The 10-year – 3-month portion of the Treasury curve is about to invert

Employment costs continue to surge

US “core” GDP growth stalls

The market is betting against the FOMC’s dot plot

A technical recession despite the labor market strength?

The market still sees Fed rate cuts in the first half of next year

Shrinking liquidity is a headwind for GDP growth

Manufacturing recession is here

Housing inventories are climbing

For fund managers, recession is a done deal

US domestic shipping activity is slowing

Job hopping remains lucrative

Women are coming back into the labor force. Men are not.

A 100 bps Fed rate hike this month looks likely

Supply chain pressures are gradually easing

Americans with a college degree are increasingly concerned about employment

Government jobs recovery lagging due to teachers not returning to work

Quantitative tightening picks up speed

Will falling gasoline prices stabilize consumer sentiment?

The US dollar reaches the highest level in nearly two decades

US factories report a decline in the number of workers

The 10-year Treasury yield dips below 3%

Recession risks mount

Robot orders have increased alongside rising wages

Business and consumer spending intentions have diverged

US bank loan growth has accelerated

Manufacturing orders are shrinking around the world

How did we get into this inflation mess?

How many weeks of income does it take to purchase a new vehicle?

Startups continue to lay off workers

Further signs of slowing US growth

US manufacturing activity is probably in contraction mode

The FOMC now expects higher collateral damage in its battle against inflation

Fastest 5-day increase in the 2-year Treasury yield since the mid-1980s

The market now expects the Fed to take rates above 4%

Are longer-term inflation expectations becoming unanchored?

Eurozone fragmentation concerns are back as QE ends

Tappable home equity hit $11 trillion or $207k per mortgage holder

Core CPI could surprise to the upside as housing-related costs surge

Bond yields are surging again

Wage growth is starting to ease

The number of news articles mentioning “hiring freeze” jumped in May

Robust economic data gives the Fed a green light to keep tightening

Demand for labor is slowing

Consumers keep spending by dipping into savings and tapping credit cards

Financial conditions need to tighten further to limit inflation risks

A sharp decline in market-based inflation expectations in May

The market has transitioned from inflation worries to growth concerns

West Coast port congestion continues to ease

A close call for the COVID-era bull market

US job openings have peaked

Capital flows into the US have been surging

Homebuilders’ sales expectations slumped this month

Inflation is boosting government receipts

Retail inventories have improved markedly

Is a soft landing possible?

The stock market is signaling a manufacturing recession in the US

Retail gasoline prices hit a record high, pressuring consumer sentiment

The current volatility represents a more “typical” market behavior

Americans tap credit cards as real incomes shrink

Companies are boosting prices even in sectors with low demand

Jumbo rate hikes are off the table, for now

Logistics demand is moderating

As prices surge, consumers are forced to repair rather than buy cars

Market bubbles are deflating quickly

Economic growth stung by a record trade deficit

76% of residential construction projects were delayed last month

The put/call ratio surge signals a market bounce

Is China’s fresh stimulus a positive development for global stocks?

Household budgets have been squeezed by inflation

Mostly overcast, with a chance of 75 bps hikes

Americans are buying smaller homes

Household cash exceeds debt for the first time in 30 years

Construction supply bottlenecks are starting to ease

US factory capacity utilization hits the highest level since 2007

Business markups have been soaring which should keep margins elevated

Real wages took a hit last quarter

Inflation expectations remain anchored

The Treasury curve inverts at the long end for the first time since 2006