16.1 million SAAR, Up 2% YoY
at Calculated Risk on 9/26/2024 04:19:00 PM From WardsAuto: September US Light-Vehicle Sales Forecast for 9-Month-High SAAR Despite Drop in Volume (pay content). Letter excerpt: If September’s outlook holds true,…
PCE Measure of Shelter Increases to 5.3% YoY in August
at Calculated Risk on 9/27/2024 09:15:00 AM Here is a graph of the year-over-year change in shelter from the CPI report and housing from the PCE report this morning, both…
Calculated Risk: Q3 GDP Tracking: Around 3%
at Calculated Risk on 9/27/2024 10:50:00 AM From BofA: Since our last weekly publication, our 3Q GDP tracking estimate is down two-tenths to 2.3% q/q saar while 2Q GDP came…
“Home prices continued to cool in August, with prices up +3.0%” YoY
Several cities in Florida are now seeing year-over-year price declines (as inventory surges). • Home prices continued to cool in August, with prices up +3.0% from the same time last…
Calculated Risk: Friday: Personal Income & Outlays
at Calculated Risk on 9/26/2024 08:21:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday:• At 8:30 AM ET Personal Income and Outlays, August 2024.…
Personal Income increased 0.2% in August; Spending increased 0.2%
at Calculated Risk on 9/27/2024 08:30:00 AM The BEA released the Personal Income and Outlays report for August: Personal income increased $50.5 billion (0.2 percent at a monthly rate) in…
Global Economy in Focus as Inflation Eases and Interest Rate Cuts Loom
As the global economy enters a pivotal phase in September 2024, several key factors are shaping the outlook for major markets. In the U.S., economic resilience continues to surprise analysts.…