Robert Hughes

Private-Sector Job Openings and Quits Remain Elevated

“Job openings and quits remained near record levels in February. Labor difficulties, material shortages, and logistical issues as well as high inflation, a newly initiated Fed tightening cycle, and global political and economic turmoil from the Russian invasion of Ukraine are raising the risks for the U.S. economy.” ~ Robert Hughes

Consumer Confidence Improved Slightly as Expectations Plunged in March

“Consumer expectations weakened again in March, but improved present views offset the decline, lifting overall consumer confidence. Elevated price pressures, Russian aggression in Ukraine, and a Fed tightening cycle increase risks for the economic outlook.” ~ Robert Hughes

Manufacturing Output is Solidly Above Pre-pandemic Levels

“Industrial output rose in February, led by solid gains outside of energy and motor vehicles. However, labor and logistics issues continue while turmoil surrounding the Russian invasion of Ukraine represents a new wave of potential disruptions.” ~ Robert Hughes