Category Archives: Daily

May Consumer Prices, June UI Claims, Fed Policy, BREXIT

Warming Inflation, but Not Yet Hot, Warming BREXIT Too  The May Consumer Price Index increased by 0.2 percent with gains in energy prices. The May Core CPI also gained 0.2 percent, and was up 2.2 percent over the previous 12 … Continue reading

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May Retail Sales, NFIB Survey, Import Prices, April Inventories

Second Month of Solid Sales Supported by Gasoline May Retail Sales increased by 0.5 percent, after gaining 1.3 percent in April. Ex-auto Retail Sales improved by 0.4 percent, supported by gasoline station sales. The NFIB’s Business Optimism Index increased slightly … Continue reading

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May U.S. Employment, April International Trade

Poor May Jobs Report Reduces Likelihood of June 15 Fed Rate Hike May Payroll Employment increased by just 38,000 jobs, the lowest since September 2010. The Unemployment Rate for May fell to 4.7 percent as the labor force declined sharply. … Continue reading

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May ADP Jobs, UI Claims, ISM MF, Auto Sales

Data Shows Better, But Not Great Q2, Maybe Not Enough for Fed in June The May ADP Employment Report showed a gain of 173,000 private-sector jobs. Initial Claims for Unemployment Insurance at the end of May fell by 1,000 to … Continue reading

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April Income and Spending, March House Prices:

Consumer Spending Adds to Fed Rate Hike Expectations U.S. Personal Income increased by 0.4 percent in April. After inflation and taxes, Real Disposable Income gained 0.2 percent for the month. Nominal Consumer Spending increased by a strong 1.0 percent in … Continue reading

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April U.S. Employment

Less-Than-Expected, Not Terrible, Quirky April Payroll Employment increased by a less-than-expected 160,000 jobs. The Unemployment Rate for April was unchanged at 5.0 percent. Average Hourly Earnings increased by 0.3 percent, showing moderate wage gains. Average Weekly Hours were increased to … Continue reading

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April ADP Jobs, ISM Non-MF, Auto Sales, March International Trade

Job Growth Eases, Service Sector Up, Autos Back on Track, Trade Gap Narrows The April ADP Employment Report showed a less-than-expected gain of 156,000 private-sector jobs. The ISM Non-Manufacturing Index increased in April to 55.7 on pricing and new orders. … Continue reading

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2016Q1 GDP, April UI Claims, FOMC

Weak First Quarter GDP Dragged Down by Business Investment, Inventories, Trade, Defense Real Gross Domestic Product for 2016Q1 increased at a weak 0.5 percent annual rate. Initial Claims for Unemployment Insurance increased by 9,000 to 257,000 for the week ending … Continue reading

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March Leading Indicators, Existing Home Sales, April UI Claims, ECB/FOMC

Indicators Positive but Fed not Likely to Respond The Conference Board’s Leading Economic Index for March increased by 0.2 percent. Existing Home Sales for March increased by 5.1 percent to a 5.33 million unit annual rate. Initial Claims for Unemployment … Continue reading

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March Retail Sales, Producer Prices, February Inventories

Headline Numbers Weak, But Details Mixed in Today’s Economic Data March Retail Sales declined by 0.3 percent, as auto sales fell. Ex-auto Retail Sales increased by 0.2 percent, supported by building materials. The Producer Price Index for Final Demand fell … Continue reading

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