Robert Hughes

Durable-Goods Orders Declined in November

“Durable-goods orders fell in November while growth in real durable-goods orders and real core capital goods orders remains modest.” ~ Robert Hughes

airlines

Existing Home Sales Continue to Plunge

“Existing-home sales fell again in November as reduced affordability pushes buyers out of the market. The outlook for housing remains unfavorable.” ~ Robert Hughes

Consumer Confidence Rose and Inflation Expectations Fell in December

“Consumer confidence rebounded in December, but consumer expectations remain at recessionary levels. An aggressive Fed tightening cycle, elevated price pressures, and the fallout from the Russian war in Ukraine remain risks for the economic outlook.” ~ Robert Hughes

consumer sentiment

New Home Construction Outlook Remains Weak

“New housing permits fell again in November as low affordability suppresses demand. Very low homebuilder sentiment suggests an unfavorable outlook for housing.” ~ Robert Hughes

Manufacturing Sector Declines in November

“Industrial-sector output fell in November. Elevated price pressures, weak consumer sentiment, and an aggressive Fed tightening cycle remain risks. Caution is warranted.” ~ Robert Hughes