Robert Hughes

AIER’s Everyday Price Index Falls for the Fifth Time in Six Months

“AIER’s Everyday Price Index fell 1.3 in December, the fifth decline in the last six months. Emerging signs of slowing economic activity, an aggressive Fed tightening cycle, and fallout from the Russian invasion of Ukraine remain threats to the economic outlook.” ~ Robert Hughes

Weekly Initial Unemployment Claims Fell Slightly

“Initial claims fell slightly, but job cut announcements are trending higher. Elevated consumer price increases and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes

Services-Sector Sees a Plunge in New Orders in December

“Services-sector survey suggests contraction in December and is consistent with weak results from the manufacturing-sector survey. Should these results persist, it would be an ominous sign for the economy.” ~ Robert Hughes

Labor Market Shows Early Signs of Loosening

“Payrolls rose in December, but the pace appears to be slowing. Mixed signs for the labor market, sustained price pressures, and an aggressive Fed tightening cycle remain risks to the outlook.” ~ Robert Hughes

Unit Auto Sales Weakened in December

“Light-vehicle sales slowed again in December and remain well below pre-pandemic rates. Inventories rose, and prices fell in November.” ~ Robert Hughes

Manufacturing-Sector Contracts Again in December

“The latest manufacturing survey suggests broad weakness and falling price pressures for manufacturers. The outlook remains highly uncertain. Caution is warranted.” ~ Robert Hughes