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Category Archives: Daily
May Consumer Prices, Residential Construction
Two More Data Points for the Fed to Consider The May Consumer Price Index increased by 0.1 percent as food prices fell. The May Core CPI increased by 0.2 percent, gaining 1.7 percent over the previous 12 months. Housing Starts … Continue reading
Posted in Daily, General, United States
Tagged alert, CPI, daily, Economic Alert, economy, FOMC, u.s.
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May Producer Price Index, Industrial Production, June Consumer Sentiment
Data Suggests no QE3 Taper this Month The May Producer Price Index for Finished Goods increased by 0.5 percent, pushed by food and energy. The Core PPI for Finished Goods gained a sedate 0.1 percent in May. Industrial Production was … Continue reading
May Retail Sales, April Biz Inventories, June UI Claims
Consumer Resilience Is a Wonderful Thing May Retail Sales increased by 0.6 percent, boosted by stronger auto sales. Ex-auto Retail Sales gained 0.3 percent as gasoline sales dipped slightly. Business Inventories increased by 0.3 percent in April, after a 0.1 … Continue reading
Posted in Daily, Economic Activity
Tagged daily, Economic Alert, jobless claims, retail sales, u.s.
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May ADP Employment, ISM Indexes, Auto Sales, April Trade and Construction
Caught Between the Push of Monetary Expansion and the Pull of Fiscal Tightening The ADP Employment Report for May showed a modest increase of 135,000 private sector jobs. The May ISM Manufacturing Survey PMI ticked down to a weak 49.0 … Continue reading
Posted in Daily, Events, General, United States
Tagged auto, daily, Economic Alert, ISM, u.s.
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April New Home Sales, Existing Home Sales, May UI Claims, Fedspeak
Housing-related data continues to be positive. New home sales for April increased by 2.3 percent to hit a 454,000 unit sales rate. Also, Federal Reserve officials are increasingly anticipating the turn in monetary policy. Continue reading
April U.S. Employment and ISM Non‐Manufacturing, March Intl. Trade
Bullet Dodged as Payrolls Gain, Upward Revisions Help The April Payroll Employment Survey showed a moderate gain of 165,000 jobs, with positive revisions. The Unemployment Rate for February decreased to 7.5 percent, as the household survey gained 293K. Average Weekly … Continue reading
FOMC Policy Announcement
FOMC Stays the Course, QE3 Sails On, Other News Mixed QE3 will continue as originally defined with a total of $85 billion of asset purchases per month. The FOMC is prepared to change the pace of purchases as conditions change. … Continue reading
March Income and Spending
Income and spending data for March show modest gains after adjusting for inflation. But for the first quarter as a whole, real disposable personal income (after inflation and taxes) showed the biggest quarterly drop since the Great Recession. Continue reading
April Consumer Sentiment, March Retail Sales, PPI, Feb. Biz Inventories
Q1 Expected to Show Moderate to Strong Expansion, False Positives, False Negatives University of Michigan Consumer Sentiment sank in April to 72.3 after three months of gains. March Retail Sales decreased by 0.4 percent as gasoline prices dropped and … Continue reading
Posted in Daily, United States
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February Income and Spending
Income Still Distorted by Tax Changes, Spending Solid U.S. Personal Income increased by 1.1 percent in February after declining by 3.7 percent in January. Real Disposable Personal Income gained 0.7 percent after declining by 4.0 percent in January. Real … Continue reading
Posted in Daily, United States
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