China Services PMI Loses Momentum as Deflation Risks Persist
RatingDog services PMI eased to 52.0, with weaker exports, falling prices, and continued job cuts.
Macro indicators, policy shifts, and economic forces shaping growth and inflation.
RatingDog services PMI eased to 52.0, with weaker exports, falling prices, and continued job cuts.
Freddie Mac put 30-year fixed rates at 6.15%, but Zillow says affordability needs a near-2% reset.
Freddie Mac data shows modest easing tied to Treasury yields, but high prices still cap affordability.
Beijing is leaning on industrial policy and exports, but housing, weak consumption, and tariff uncertainty threaten momentum.
Fading tariff drag and easier conditions support 2026 growth, but AI-driven job cuts could lift unemployment.
Finance Ministry outlines 2026 priorities to boost consumption, expand investment, and support innovation amid property slump.
Freddie Mac shows 30-year rates steady near 6.2%, while rising inventory boosts buyer negotiations despite tight affordability.
Summer growth beat forecasts, but sticky essentials inflation and cooling job security are dragging sentiment.
Miran downplayed inflation distortions and urged further easing as markets watch delayed GDP and PCE prints.
Thin holiday liquidity spotlights $183 billion of 2-, 5- and 7-year supply and the delayed Q3 GDP read.
Initial claims dropped to 224,000, yet rising continuing claims and 4.6% unemployment could sway Fed easing.
October’s 105,000 job drop and 4.6% unemployment print were noisy, but point to softer hiring and wages.