Category Archives: Daily

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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June ADP Jobs, Challenger Job Cuts, July UI Claims, Fed Minutes

Multiple Data Sources Point to Steady June Job Creation after May Miss The June ADP Employment Report showed a gain of 172,000 private-sector jobs. The June Challenger Job Cuts Report showed a slight increase in job cuts for June to … Continue reading

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June ISM Non-NMF, Auto Sales, May International Trade

Service Sector Gains Momentum at Mid-Year, June Employment Indicators Positive The ISM Non-Manufacturing Index for June increased to 56.5 percent. The U.S. International Trade Gap widened in May to -$41.1 billion. U.S. Auto Sales for June dipped to a 16.7 … Continue reading

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May Income and Spending, April Case-Shiller HPI

Another Solid Spending Report Supports Expectations of Stronger Q2 GDP  U.S. Personal Income increased by 0.2 percent in May. After inflation and taxes, Real Disposable Income gained 0.1 percent for the month. Nominal Consumer Spending increased by 0.4 percent in … Continue reading

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BREXIT

The World has Changed The consequences of BREXIT will be felt over years. The odds of a fed funds rate hike this year are significantly lower because of BREXIT. In a stunning rebuke to transnationalism, the citizens of the United … Continue reading

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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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