Economic Analyst - Macro. Trade. Geopolitics. Finance.
Washington, DC
Joined June 2015
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Really enjoyed speaking with @OJRenick on Morning Trade Live, despite sounding terrible due to a lingering cold. Covered a lot of ground, from hot data prints and the Fed, to U.S. worker bargaining power and what it might take to finally knock this resilient economy off course
“Workers are certainly flexing their muscles.” 💪
With jobs data and the economy this strong, workers are starting to feel like they have increasing bargaining power when it comes to wages, notes @MorningConsult’s @JesseSprWheeler:
Drawing on Morning Consult’s proprietary survey data, this analysis shows that Chinese adults continue to increase their savings in 2023 over already elevated levels in 2022, leaving this year’s much-anticipated surge in Chinese consumption well short of expectations.
In 2023, Chinese Consumers Are Doing What They Do Best: Saving morningconsult.biz/3EL9OI1 via @JesseSprWheeler
When asked about savings intentions for 2023 compared with 2022 — already a bumper year for savings — a whopping 46% said they plan to save more this year than last. Only 11.1% said they would save less.
The impulse to save remains entrenched among Chinese households, with our July survey showing that each additional yuan of income among savers correlates with a 0.29 yuan increase in savings.
Global consumer confidence returned to its uptrend in July, led by a surge in the U.S. and across much of the Americas, where the ICS rose in 6 of 8 countries tracked by @MorningConsult
U.S. consumers continue to grow more confident amid a strong labor market and falling inflation, with the Index of Consumer Sentiment showing improvements in all five categories in July
Sentiment in China ticked up 0.1% in July after falling in June. With external demand facing considerable headwinds, the trajectory of economic activity in the second half of 2023 will depend heavily on the Chinese consumer. Read more in our monthly report:pro.morningconsult.com/analy…
Worrying signs coming out of China, as Morning Consult data shows early signs of waning momentum in consumer sentiment following the post-zero-Covid surge.
Global Sentiment Edges Higher, but the U.S. and China Show Signs of Weakness morningconsult.biz/3oU0P2O via @JesseSprWheeler & Akber Khan
Joined CNN early this morning to talk jobs, and how workers are getting worried despite a resilient labor market
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We highlighted the pessimistic mood of the French consumer in @MorningConsult's most recently Global Consumer Confidence Report, where strikes and protests have helped depress sentiment while much of the rest of Europe bounces back:
The inflation story also played out quite differently in France. Subsidies and a large nuclear sector partially shielded French consumers from the energy spike last year. But price growth has also been slower to come down and remains elevated, trending around 6%.
Overall though, global consumer confidence picked up additional momentum in April, building on strong gains through the start of 2023. Read more here: morningconsult.com/2023/05/1…
Joined TD Ameritrade Network today to talk about the extremely resilient US labor market #jobs
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Jesse Wheeler retweeted
The Labor Market Remains Tight, but Workers Are Growing Concerned as Pay Losses Tick Higher morningconsult.biz/3LPktWA via @JesseSprWheeler
Just saw the first piece of anti AI marketing, where Babble claims it’s language programs are designed by real people, not a bunch of AI
Gladly part of this trend
After a century in which the vehicle remade the rich world, the momentum may be beginning to swing the other way econ.st/3zQtUOq
Jesse Wheeler retweeted
Consumers Grow More Confident, but the Global Economic Outlook Hangs in the Balance (Report Preview) morningconsult.biz/3oakgE2 via @JohnCLeer & @JesseSprWheeler