Construction Is Dragging

By |2015-03-04T16:33:02-05:00March 4th, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

Lost amid last week’s stock euphoria was the collapse in both the ISM’s Chicago Business Barometer (which I covered here) and construction spending. While sentiment surveys are hard to judge, it wasn’t a huge intuitive leap to suggest that both data points may be related to the energy sector. While that will remain unanswered for Chicago, the construction figures are [...]