Robert Hughes

Existing Home Sales Continue to Collapse

“Existing-home sales fell again in July as reduced affordability pushes buyers out of the market. The outlook for housing is highly uncertain.” ~ Robert Hughes

Weekly Initial Claims Move to a Flat Trend

“Weekly initial claims fell, and revised data suggest the recent upward trend may be flattening. Rapid price increases, low consumer confidence, and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes

Industrial Output Posts Solid Gains in July

“Industrial output rose to a record high in July. However, elevated price pressures, weak consumer sentiment, and an intensifying Fed tightening cycle remain risks. Caution is warranted.” ~ Robert Hughes

AIER’s Everyday Price Index Falls 0.6 Percent in July

“AIER’s Everyday Price Index fell 0.6 in July, the first drop since November 2020. An intensifying Fed tightening cycle, consumer pessimism, and fallout from the Russian invasion of Ukraine remain threats to the economic outlook.” ~ Robert Hughes

Big Upside Surprise for the July Jobs Report

“Payrolls posted a strong gain in July, though other labor market indicators are still questionable. Sustained price pressures, an intensifying Fed tightening cycle, and ongoing fallout from the Russian invasion of Ukraine are significant risks for the economy.” ~ Robert Hughes