U.S. Spends More on Data Centers than Transit Infrastructure
The U.S. is now spending more on data center construction than on public transportation infrastructure, according to new Census Bureau figures out today (https://t.co/2SonuBrsvY) https://t.co/ySWONpdu91
Defense Orders Hit Near 30‑Year High, Boosting Economy
Arguably an underrated tailwind for the U.S. economy: Defense capital goods orders surged in April to the second-highest level on record. And the defense share of total orders over the last 12 months is also near the highest in three...
Gas Spike Drives U.S. Income Growth Below 1%
The surge in gas prices in March pushed annual inflation-adjusted U.S. income growth below 1%. Historically that's been a rare feat outside recessions https://t.co/tz1TFhlu0V
Fed Hawkishness, Weak Wages, Energy Surge Push Yields Higher
Trifecta of a hawkish Fed, slowing wage growth and surging energy prices seems like a bad combo at a time when household debt delinquencies were already mounting. The 10-year Treasury yield hasn't been this high relative to the growth rate...
Equities Dominate Consumer Spending Outlook, Eclipsing Oil
Why the stock market looms larger over the outlook for U.S. consumer spending than oil prices: Equities held at market value account for more than 25% of household net worth, the most on record in 80 years of data (https://t.co/hFEP95KsDI)...