Three economic reports released on Thursday point to a rising possibility that a recession is near for the US economy. The threat of a contraction still doesn’t appear imminent and there’s still room for debate on the question of whether a recession is fate. But as new data on jobless claims, the Leading Economic Index and the Philly Fed Manufacturing Index remind, the trend continues to soften. At the very least, the latest numbers show that economic activity continues to slow.
Daily Archives: July 22, 2022
Macro Briefing: 22 July 2022
* European Central Bank raises interest rates more than expected
* Eurozone appears to slip into recession in July via PMI survey data
* UK economy continues to grow in July but at 17-month low via PMI survey data
* US Leading Economic Index declines for fourth straight month
* Russia-Ukraine deal expected to restart grain exports
* Federal gov’t tells states in West to make urgent cuts in water use
* US jobless claims rise to new 8-month high, signaling labor market warning:
