Asking for a friend. From Atlanta Fed today:
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Reinversion Continues
End of week spreads:
Off a Cliff
NBER Business Cycle Dating Committee key indicators. Consumption (preliminary) falls markedly.
Weekly Macro Indicators – Growth at about Trend
For data available through 2/15. New datapoints tomorrow, for data available through 2/22.
Conference Board: “Pessimism about the future returned”
Conference Board index at 98.3 vs. 102.7 Bloomberg consensus, down from upwardly revised 105.3. Here is a picture of (standardized) U.Michigan Sentiment, Conference Board and Gallup Confidence measures.
EPU Today: 655
A big jump:
The 50th anniversary of Alice Rivlin’s tenure as the founding director of CBO
From the CBO website:
“so called economists at the Fed”
That’s EJ Antoni talking on something called Wealthion at minute 3:30.
Policy Uncertainty in the US, Globally
as measured by Baker, Bloom and Davis’s EPU. I was in Europe, and conversations were in high gear about how things now seemed. And text mining confirms:
AP: “Trump begins firings of FAA air traffic control staff just weeks after fatal DC plane crash”
Article here.