Evening Briefs

U.S. Job Cuts Soar to Highest October Level Since 2020 as Hiring Plans Collapse — Evening Brief – 11.06.25 

By Joe Palmisano | November 06, 2025 U.S. employers announced 153,074 job cuts in October, a 183% surge from September and 175% higher t...Read more

Treasury Keeps Refunding Steady—But Hints at Future Coupon Increases — Evening Brief – 11.05.25 

By Joe Palmisano | November 05, 2025 The U.S. Treasury held its quarterly refunding total at $125 billion, in line with expectations, an...Read more

Data Blackout Clouds Q3 Growth Picture, but Early Signals Still Point to Solid Expansion — Evening Brief – 11.04.25 

By Joe Palmisano | November 04, 2025 Estimating U.S. economic growth for the third quarter has become increasingly speculative as the go...Read more

U.S. Manufacturing Contracts for Eighth Straight Month as ISM PMI Falls to 48.7 — Evening Brief – 11.03.25 

By Joe Palmisano | November 03, 2025 U.S. manufacturing activity deteriorated further in October, with the ISM Manufacturing PMI declini...Read more

The Fed’s Deep Divide — Evening Brief – 10.31.25 

By Joe Palmisano | October 31, 2025 The government shutdown has created an unprecedented challenge for the Federal Reserve, depriving p...Read more

Month-Long U.S. Government Shutdown Could Trim Q4 GDP Growth by Up to Two Points: CBO Evening Brief – 10.30.25 

By Joe Palmisano | October 30, 2025 The U.S. government shutdown, now nearing the one-month mark, could reduce annualized Q4 GDP growth...Read more

FOMC Analysis: Fed Delivers Second Straight Rate Cut, Pauses Balance Sheet Runoff — Evening Brief – 10.29.25 

By Joe Palmisano | October 29, 2025 Amid a federal government shutdown that has halted the flow of key economic data, the Federal Reser...Read more

Fed May Signal Endgame for QT as Liquidity Management Takes Center Stage — Evening Brief – 10.28.25 

By Joe Palmisano | October 28, 2025 Wall Street should watch if the Federal Reserve places renewed emphasis on liquidity management and...Read more

U.S. Treasury’s 2-Year and 5-Year Auctions Send Mixed Signals Ahead of Fed Meeting — Evening Brief – 10.27.25 

By Joe Palmisano | October 27, 2025 The U.S. Treasury’s accelerated midweek auction slate, timed ahead of this week’s FOMC meeting,...Read more

Fed Set to Cut Rates Again After Cooler Inflation Report — Evening Brief – 10.24.25 

By Joe Palmisano | October 24, 2025 A softer-than-expected inflation reading for September—delayed by the government shutdown—has s...Read more