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…

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.”

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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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