Category Archives: Daily

August New Home Sales

Sales Dip in August but Trend Looks Good New Home Sales decreased by 7.6 percent in August to a 609,000 unit annual rate. The Dallas Fed Manufacturing Survey improved in September. The worst may be over in the oil patch. … Continue reading

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August Leading Indicators, Existing Home Sales, September UI Claims

Muddling Along The Conference Board’s Leading Economic Index for August decreased by 0.2 percent. Existing Home Sales for August decreased by 0.9 percent to a 5.33 million unit annual rate. Initial Claims for Unemployment Insurance fell by 8,000 for the … Continue reading

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August U.S. Employment, July International Trade

Job Growth Weaker Than Expected, Odds of September Fed Funds Rate Hike Diminish Payroll Employment increased by 151,000 jobs in August, stepping down from strong gains in June/July. The Unemployment Rate for August was steady at 4.9 percent. Average Hourly … Continue reading

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August ADP Jobs, Case-Shiller House Prices

Moderate Job Gains for August May not be Enough for a September Fed Rate Hike The August ADP Employment Report showed a gain of 177,000 private-sector jobs for the month. The Case-Shiller U.S. National House Price Index for June was … Continue reading

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July Income and Spending

Consumers Are Doing Their Part, A Good Start to Q3 U.S. Personal Income increased by 0.4 percent in July. After inflation and taxes, Real Disposable Income also gained 0.4 percent for the month. Nominal Consumer Spending increased by 0.3 percent … Continue reading

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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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