Daily Archives: September 13, 2012

U.S. Consumers Muscle Through Q3 as Global Policy Spigots Open

When the going gets tough, the tough go shopping. And that appears to be happening in Q3, following a weak Q2. Second quarter real GDP growth registered a disappointing 1.7 percent annualized growth rate, matched by tepid consumer spending, which … Continue reading

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Posted in General, Monthly, United States | Comments Off

FOMC Policy Announcement, August Producer Prices, Sept. UI Claims

FOMC Launches QE3, Extends Funds Rate Guidance •    In today’s FOMC press release, the Federal Reserve announced a new plan for quantitative easing. •    The FOMC also extended its existing guidance about the near-zero fed funds rate to mid-2015. •   … Continue reading

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Posted in Economic Activity | Comments Off

Auto Affordability Improves in Second Quarter

The purchase and financing of an average-priced new vehicle took 22.9 weeks of median family income in the second quarter of 2012, according to Comerica Bank’s Auto Affordability Index. Consumers on average spent roughly the same amount on new cars … Continue reading

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