Fed funds futures are implying a terminal rate of 5% in 2023. Will they get all the way up there before the economy implodes? Recently both Canada and Australia have made smaller than expected rate increases to protect their economies…

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by silvertomars

New GDP Report Shows an Economic Turnaround, but Don’t Be Fooled

“If you take a step back and look at GDP, it’s gone effectively nowhere over the last year,” says Mark Zandi, chief economist at Moody’s Analytics. “One quarter or two it’s down a bit. This quarter it’s up a bit. But net-net, we’re kind of treading water.”

See also  El Arian: MEGATHREATS FACING ECONOMY,: Insufficient Supply, End of Unlimited Liquidity, Fragile Financial Markets

US Core Durable Goods Orders Tumble Most Since COVID Lockdown Collapse, CapEx Shrinks

After two straight months of declines, analysts expected a modest rebound in US durable goods orders, and they did, rising 0.4% MoM in preliminary Sept data (less than expected +0.6%) with August being revised upwards to a very small rise…

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