A Few of Our Favorite Things - 2025-03-25
Date:
Wednesday, March 26, 2025
Summary:
Big flare-up in the US Economic Uncertainty Index (but wait till you see Canada!). The value of new homes transactions drops to trend, but the far larger value of existing homes transactions rises to trend. Non-defense capgoods orders fall slightly, but only to the second highest reading in history. For all the uncertainty, it's hard to see a lot of macroeconomic consequences in the mid-frequency data.