Page 56 - Philly Fed News Today

The market spotlight over the coming would shift back towards the UK and its jobs market.

A brief look at important company events and economic data releases next week

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

ADP, Consumer Confidence labor differential, ISM Manufacturing. Challenger job cuts, Philly Fed, Empire State, Continuing Jobless Claims...  These are all the economic reports that suggested a higher NFP number today. In addition, April's NFP historically beats the forecast 50% of the time vs missing 46%, and those beats average 170k while misses average 103k.  Contrast that against only 3 economic reports suggesting a miss.  In other words, NFP pla...

Markets and the Fed Find Themselves in a Sticky Situation...MSFT

AI is going to benefit many companies in various ways, but it is not going to stop the economic cycle.

Wunsch added to recent hawkish comments from him and several other ECB figures, arguing that the ECB has no other choice but to continue its inflation battle as core (services) inflation and wage inflation show no sign of abating yet. He wouldn’t be surprised to see the key ECB policy rate reach 4%.

A top ranked economics and finance blog with a focus on the housing market

While here in Denver I received an email. “Rob, does what’s going on in Florida impact lenders?” I had to figure out if the author was asking about Disney/DeSantis, new Florida Man news, climate change, or insurance issues. Florida has a lot of cool things: manatees, Dry Tortugas National Park, Epcot Center, and cigar rollers in Tampa who do parties. Unfortunately it now has an additional insurance fee, as Florida has imposed a 1 percent “emergency” fee to prop...