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The University of Michigan’s sentiment survey rose 9% in January, though it’s still near decade-lows.
The savings rate went up half a percentage point in December, but it’s still not back to pre-pandemic levels.
The economy grew, but not as much as expected. Some parts of the economy are slowing, but not as much as expected.
As mortgage rates have fallen from their peak above 7% late last year, the National Association of Home Builders confidence index has turned positive after 12 months of declines.
The personal consumption expenditures price index, better known as the PCE, tracks what we paid for goods and services in the previous month.
The Conference Board’s closely-watched index has fallen consistently since February 2022, indicating higher risk of recession.
Monthly data from the Federal Reserve shows a slowdown in shipments, new orders and employment in the sector.
A majority still think the country is headed for a recession. But the majority’s shrinking.
Some officials want a 0.75% rate hike at the next meeting. Others think a 0.5% increase is enough.
We don’t yet know if the Fed’s rate hikes have fully shown up in the economy. That could take many months.