If you could only track one economic indicator to monitor the economy the trend in payrolls would be a solid choice. Think of it as the fuel that powers consumer spending engine, which accounts for nearly 70% of economic activity. The good news is that the labor market still looks solid, based on several conventional metrics. But an alternative indicator your editor is watching introduces a degree of doubt about what may be in store for 2025.
Daily Archives: November 21, 2024
Macro Briefing: 21 November 2024
Business inflation expectations in November remained “relatively unchanged at 2.2%, on average, according to the Atlanta Fed. The bank’s latest poll shows inflation expectations holding near the lowest level in 3-1/2 years.
