Robert Hughes

Payrolls Gains Reaccelerated in October

“Payrolls posted a robust gain in October as fading new Covid cases supported a reacceleration of economic activity. The outlook is for continued recovery despite elevated price pressures.” – Robert Hughes

Fading Covid Boosts Consumer Confidence in October

“Consumer attitudes recovered slightly as new Covid cases decline, supporting a more positive economic outlook. However, the psychology of rising inflation expectations remains a threat.” – Robert Hughes

Housing Activity Slowed in September but Remains Brisk

“Housing activity continues to recede from the late 2020 surge but remains brisk. Rising home prices and mortgage rates will work to ease demand while secular shifts in housing preferences due to new remote work options may provide some support.” – Robert Hughes