Daily Economic Update

12/2/2022 6:06 am EST

Good morning. This is your economic update for Friday, December 2nd 2022. Most near-term indicators show that the US is in recession. Notable exceptions include average weekly hours, new housing permits, and new orders for non-defense capital goods.


The U.S. 10-year treasury ended yesterday at %, flat compared to the day prior, and was flat compared to a week earlier. The 10-yr/3-mo treasury yield curve was 46 bps, down 10 bps compared to the day prior, but up 46 bps compared to last week.You can check out the current bond rates at Bloomberg.

Please check the list of indicators for more details and come back tomorrow for another update.

What does twitter think about the economy?

We are in the process teaching our AI to analyize these tweets. Our AI's preliminary view is that this twitter user is neutral on the economy