Category Archives: Daily

July New and Existing Home Sales

Breakout Month for New Home Sales, Existing Home Sales Slump Existing Home Sales decreased by 3.2 percent in July to a 5.39 million unit annual rate. New Home Sales for July surged by 12.4 percent to a 654,000 unit annual … Continue reading

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July Consumer Prices, Housing Starts, Industrial Production

 Lower Oil Prices Cool Inflation Indicators The July Consumer Price Index was unchanged as energy prices dropped. The July Core CPI increased by 0.1 percent, and was up 2.2 percent over the previous 12 months. Housing Starts for July gained … Continue reading

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July U.S. Employment, June International Trade

Job Growth Bounces Back, +255k for July, Unemployment Rate Steady at 4.9 Percent Payroll Employment increased by 255,000 jobs in July, the second month of strong gains. The Unemployment Rate for July was steady at 4.9 percent. Average Hourly Earnings … Continue reading

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July ISM Manufacturing, June Construction Spending

The ISM Manufacturing Index for July dipped to a still-expansive 52.6 percent. Construction Spending decreased by 0.6 percent in June on weaker manufacturing-related construction. The ISM Manufacturing Index for July indicated still-positive conditions for U.S. manufacturers, but ticked down to … Continue reading

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2016Q2 GDP, July UI Claims, Central Bank Recap

Real Gross Domestic Product for 2016Q2 increased at a modest 1.2 percent annual rate. Initial Claims for Unemployment Insurance increased by 14,000 to 266,000 for the week ending July 23. The Federal Reserve, the Bank of England, the European Central … Continue reading

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Tepid Data Will Not Motivate the Fed to Raise Interest Rates Tomorrow The Consumer Confidence Index ticked down slightly in July from 97.4 to 97.3. New Home Sales for June increased by 3.5 percent to a 592,000 unit annual rate. … Continue reading

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June Leading Indicators, Existing Home Sales, July UI Claims, Central Banks

 “Encouraging Market Resilience” The Conference Board’s Leading Economic Index for June increased by 0.3 percent. Existing Home Sales for June increased by 1.1 percent to a 5.57 million unit annual rate. Initial Claims for Unemployment Insurance fell by 1,000 for … Continue reading

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June Residential Construction, July Homebuilders Survey

Starts Improve in June, But Still Range Bound June Housing Starts increased by 4.8 percent to a 1,189,000 unit annual rate. Permits for new residential construction ticked up by 1.5 percent to a 1,153,000 unit pace in June. The National … Continue reading

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June Retail Sales, Consumer Prices, Industrial Production

Strong Consumer Spending Supported Q2 GDP June Retail Sales increased by 0.6 percent, adding to expectations for a rebound in Q2 GDP growth. The Consumer price Index for June gained 0.2 percent, as energy prices increased. Industrial Production increased by … Continue reading

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June Producer Prices, July UI Claims, Global Monetary Policy

Energy Boosts Wholesale Inflation, Bank of England Pauses, Fed Will Too The June Producer Price Index increased by 0.5 percent with gains in energy prices. Initial Claims for Unemployment Insurance were unchanged, at a very low 254,000 in early July. … Continue reading

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