Robert Hughes

Weekly Initial Claims Rise to an Eight-Month High

“Weekly initial claims rose again, extending the recent upward trend. The combination of sustained elevated rates of price increases and softening labor market are becoming a major risk for the economic outlook.” ~ Robert Hughes

Housing Continues to Crumble

“Existing-home sales fell again in June with record-high prices and surging mortgage rates continuing to reduce affordability and push buyers out of the market. The outlook for housing is highly uncertain.” ~ Robert Hughes

Consumer Sentiment Remained Near Record Lows in Early July

“Consumer sentiment ticked up in early July but remains near record lows and consistent with prior recessions. Inflation is a driver of weakening consumer attitudes and contributing to elevated risks. The outlook is highly uncertain.” ~ Robert Hughes

Weekly Initial Claims Rise to the Highest Level Since November

“Weekly initial claims rose again, pushing the four-week average to a seven-month high. The combination of sustained elevated rates of price increases and softening labor market are becoming a major risk for the economic outlook.” ~ Robert Hughes

AIER’s Everyday Price Index Rises 2.4 Percent in June

“AIER’s Everyday Price Index rose 2.4 in June, pushing the 12-month gain to another record high. Sustained price pressures, an intensifying Fed tightening cycle, and fallout from the Russian invasion of Ukraine remain threats to the economic outlook.” ~ Robert Hughes