US economic output in January posted a modestly stronger trend vs. the previous month, according to this morning’s update of the Chicago Fed National Activity Index. This macro benchmark’s three-month average (CFNAI-MA3) rose to -0.15 last month, matching The Capital Spectator’s projection that was posted on Friday.
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Daily Archives: February 22, 2016
Will Last Week’s Rebound Make It Two In A Row This Week?
Stock markets around the world bounced last week, based on a set of proxy ETFs representing the major asset classes. Breaking with the recent bias for selling risk, global equities (along with REITs and US high-yield bonds) posted solid gains for the shortened four-day trading week in the US through Feb. 19.
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Initial Guidance | 22 February 2016
● Core US Consumer Prices Rise by Most in Over 4 Years | Bloomberg
● PMI: Eurozone Feb growth lowest in over a year | Markit
● PMI: Slowdown in German mfg contrasts with solid services growth in Feb | Markit
● PMI: Slow but stable mfg conditions in Japan in Feb | Markit
● Eurozone consumer confidence falls sharply in Feb | EC
● We Can’t Get the Recovery We Threw Away in 2009 | Brad DeLong