Employment data, combined with consumer sentiment and purchasing managers’ reports, paint an ugly picture.
The Federal Reserve raised its short-term interest rate target and not for the final time this year.
The trade deficit widened and there were fewer job openings in October. On the other hand, new orders for factory orders grew in October while the service sector blossomed in November.
Retail sales took a summer break during July while productivity’s losing streak stretched into a 3rd straight quarter.
Employers say they intend to expand payrolls during Q2, but small business owners are not as confident.