Industrial Production

The Economic Week Ahead: November 13 - 17

Nov 11, 2023 2 min read paid

The third week of the month tends to be action packed with key economic indicators. This week's batch should confirm that inflation remains on a moderating trend and that the economy continues to grow albeit at a slower pace than during Q3. Unfortunately, on Monday, we will be reminded that this Goldilocks scenario has at least one big flaw, i.e., the widening federal deficit. In addition, we

Ed Yardeni

Good News Is Bad News

Oct 17, 2023 2 min read paid

Today's September reports for retail sales and industrial production were better than expected. The Atlanta Fed's GDPNow tracking model shows real GDP grew 5.4% (saar) during Q3, up from 5.1% on October 10. Leading the estimate higher is real consumer spending with a 4.1% increase (table). That's good news for the stock market. It confirms our forecast that S&P

Ed Yardeni

Stock Market's Meltup Continues

Jun 15, 2023 2 min read

Investors had a quick look at today's economic indicators and concluded that the economy is still growing albeit slowly while inflation is continuing to moderate. The FOMC's next meeting is at the end of July. By then, the committee might conclude that the federal funds rate, currently still at 5.00%-5.25%, might be restrictive enough to get the inflation rate close to 2.0%

Ed Yardeni

US Consumers Depress Stock Investors

Jan 18, 2023 2 min read paid

Bond prices rallied and stock prices fell on renewed worries about a consumer-led recession following the release this morning of December's retail sales and industrial production. Both declined last month. Yesterday, the NY Fed's regional business survey for January was also very weak. (We will review it tomorrow along with the Philly Fed's latest regional business survey.) Let's have a closer look

Ed Yardeni

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The Economic Week Ahead: November 13 - 17

Good News Is Bad News

Stock Market's Meltup Continues

US Consumers Depress Stock Investors