December 20, 2024 U.S. Personal Income & Spending (November 2024) Personal income grew 0.3% month-on-month (m/m) in November, a deceleration relative to October's outsized 0.7% gain. Personal income is 5.3% higher than 12 months ago, well above pace of inflation.

December 19, 2024 U.S. Existing Home Sales (November 2024) Existing home sales rose 4.8% month-on-month (m/m) to 4.15 million units (annualized) in November, coming in slightly above market expectations for a 3.2% gain. Sales are up 6.1% from a year ago.

Federal Reserve Open Market Committee (FOMC) Meeting (December 17-18, 2024)

December 18, 2024 U.S. FOMC Meeting (December 17-18, 2024) The Federal Reserve Open Market Committee (FOMC) cut the federal funds rate to the 4.25% to 4.50% range and announced it would continue its balance sheet runoff.

December 18, 2024 U.S. Housing Starts and Permits (November 2024) Housing starts fell 1.8% month-on-month (m/m) in November to 1.29 million (annualized) units, disappointing expectations for a modest rebound. Revisions to the data for the two prior months added 3k units to the previously reported tallies.

December 17, 2024 U.S. Retail Sales (November 2024) Retail sales rose 0.7% month-on-month (m/m) in November, an acceleration from the upwardly revised October's gain of 0.5%, and ahead of the consensus forecast calling for an increase of 0.6% m/m.

December 11, 2024 U.S. Consumer Price Index (November 2024) The Consumer Price Index (CPI) rose 0.3% month-on-month (m/m) in November, after rising 0.2% m/m in each of the previous four months. On a twelve-month basis, CPI ticked up to 2.7% (from 2.6% in October).

December 10, 2024 U.S. NFIB Small Business Optimism Index (November 2024) Small business confidence hit its highest level in over three years in November as the Republican sweep in Washington enhanced expectations for a more accommodative fiscal and regulatory environment in the coming years.

U.S. Employment - Labor market, hiring, job creation

December 06, 2024 U.S. Employment (November 2024) The U.S. economy added 227k jobs in November, in line with the consensus forecast calling for a gain of 218k. Payroll figures for the two prior months were revised higher by 56k.

December 04, 2024 U.S. ISM Services Index (November 2024) The ISM Services index fell 3.9 points to 52.1 in November, well short of the 55.7 consensus expectations. Fourteen industries out of eighteen reported growth, the same as in October.

December 04, 2024 U.S. Vehicle Sales (November 2024) Light vehicle sales surprised to the upside for a second consecutive month in November, coming within striking distance of the pre-pandemic pace of sales for the first time since mid-2021

December 02, 2024 U.S. ISM Manufacturing Index (November 2024) The ISM Manufacturing Index improved to 48.4 in November from 46.5 last month. The deceleration in the manufacturing sector slowed, but a narrower segment of the industry reported growth.

November 27, 2024 Real GDP (Q3-2024, second estimate) Third quarter economic growth remained solid, expanding well above trend, with underlying domestic demand accounting for all of last quarter's gain. Beyond the housing market and some elements of commercial real estate, there are few signs that elevated interest rates are materially weighing on domestic activity.

November 26, 2024 U.S. FOMC Meeting Minutes (November 6-7, 2024) The minutes from the November 6-7th Federal Open Market Committee (FOMC) meeting released today indicate that Committee members viewed the recent data as consistent with inflation returning sustainably to 2 percent.

October 02, 2024 U.S. Dockworker Strike (October 2024) Thousands of dockworkers at several East and Gulf coast ports are on strike. Combined with other disruptions – i.e., Hurricane Helene and striking Boeing workers on the Pacific Northwest – these one-off events are poised to take some wind out of the economy's sails in the fourth quarter.

U.S. FOMC Chair Powell Speech at Jackson Hole

August 23, 2024 U.S. FOMC Chair Powell Speech at Jackson Hole Symposium (August 23, 2024) At the Federal Reserve Bank of Kansas City's Jackson Hole Symposium, Federal Reserve Chair Jay Powell gave a much-anticipated speech on the state of the economy, simply titled, Review and Outlook.

OPEC+ Extends Cuts and Plans for Production Increases

June 03, 2024 OPEC+ Extends Cuts and Plans for Production Increases

October 31, 2023 U.S. Employment Cost Index (Q3-2023)

August 25, 2023 Fed Chair Powell speaks at Jackson Hole

August 08, 2022 2022 Inflation Reduction Act