Macro

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For Powell Fed, Less Would Be More

FMI’s commentary on how Jay Powell could improve further on his pretty good start as Fed chairman. Unfortunately, we harbor no illusions that these recommendations will be adopted. We offer them as food for thought -- and perhaps a smile -- for a Friday afternoon.

Data Round-Up: New Home Sales Post Surprise Southern Surge in May

FMI’s analysis of today’s May New Home Sales report. Also this morning, the Dallas Fed’s regional Texas Manufacturing Index rose +5 points to a robust 33 in June (company outlook measure); zero is break-even for the survey.

Data Round-Up: UI Claims Continue Near Record-Lows

FMI’s review of the latest Weekly UI Claims & Rail Traffic results.

Data Round-Up: U.S. Exports Continue Trending Up, Trade a Solid Positive for 18Q2

FMI’s analyses of this morning’s April International Trade report and revised 18Q1 Productivity & Labor Costs results, as well as a review of Vehicle Sales and Production.

Data Round-Up: May PMI Consistent with Solid Real Growth

FMI’s analyses of today’s May PMI and April Construction reports.

Data Round-Up: Job Openings Now Outnumber Job Seekers

FMI’s review of today’s May Non-Manufacturing Index and April Job Openings & Labor Turnover Survey results.

Data Round-Up: A Solid May Jobs Report on All Fronts

FMI’s analyses of today’s May Employment report.

Data Round-Up: Home Prices Accelerate Further, 'Jobs Plentiful' Poll at 17-Year High

FMI’s review of March S&P/Case-Shiller Home Price Index and May Conference Board Consumer Confidence, featuring Jobs-Plentiful/Jobs-Hard-to-Get data, plus our Preview of the rest of this week’s major data releases.

Data Round-Up: U.S. Goods Exports Off to Good Start for 18Q2

FMI’s analyses of today’s April Advance Indicators (Goods-trade, wholesale & retail inventories) results and the Second Report of 18Q1 GDP.

‘Old’ Reliable Indicators Are More Nuanced in This Cycle

FMI’s commentary on the changing implications for some venerable data series.

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