Category Archives: Daily

January Existing Home Sales, Fed Minutes

Sales Bounce Back After December Dip Existing Home Sales increased by 3.3 percent in January to a 5,690,000 unit annual rate. Fed minutes show concern about communication strategy. Existing home sales bounced back in January, gaining 3.3 percent, to a … Continue reading

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January Residential Construction, February UI Claims

Single-Family Rising, Multifamily Heading into Third Year Range-Bound Housing Starts dipped in January by 2.6 percent to a 1,246,000 unit annual rate. Permits for new residential construction increased by 4.6 percent to a 1,285,000 unit pace in January. Initial Claims … Continue reading

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January Retail Sales, Consumer Price Index, Industrial Production

 Consumers Undeterred by Higher Prices January Retail Sales increased by 0.4 percent, boosted by higher gasoline prices. Retail Sales Ex-Autos increased by 0.8 percent in January. The Consumer Price Index gained 0.6 percent in December, on higher energy prices. Industrial … Continue reading

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January PPI, Small Business Confidence, Fedspeak

Producer Prices Hotter than Expected, Fed Hike Earlier? The Producer Price Index for Final Demand increased by a greater-than-expected 0.6 percent in January. Core Producer Prices gained a calmer 0.2 percent. The NFIB’s Small Business Optimism Index remained high, at … Continue reading

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January U.S. Employment, ISM Non-Manufacturing

 Job Growth Better Than Expected but Wage Gains Tepid Payroll Employment increased by 227,000 jobs in January, exceeding expectations. The Unemployment Rate for January ticked up again, to 4.8 percent. Average Hourly Earnings increased by just 0.1 percent for the … Continue reading

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January ADP Jobs, ISM-MF, Dec. Construction Spending, Nov. Home Prices

Strong Data Suggest Good Start to 2017 for U.S. Economy The January ADP Employment Report showed a strong gain of 246,000 private-sector jobs for the month. The ISM Manufacturing Index for January increased to 56.0, showing improving manufacturing conditions. Construction … Continue reading

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December Income and Spending

 Consumers Continue to Do Their Part U.S. Personal Income increased by 0.3 percent in December. After inflation and taxes, Real Disposable Income increased by 0.1 percent in December. Nominal Consumer Spending increased by 0.5 percent in December The PCE Price … Continue reading

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2016Q4 GDP, December Durable Goods Orders

First Estimate of Q4 GDP Below Expectations on Drags from Trade, Defense, Weather Real Gross Domestic Product for 2016Q4 increased at a weaker-than-expected 1.9 percent annual rate. New Orders for Durable Goods decreased by 0.4 percent in December. The first … Continue reading

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December Existing Home Sales

  Sales Slip as Condos Crack Existing Home Sales decreased by 2.8 percent in December to a 5,490,000 unit annual rate. Existing home sales eased by 2.8 percent in December, ending the year in the same pattern that they started the … Continue reading

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December Retail Sales and Producer Prices

Cars and Gasoline December Retail Sales increased by 0.6 percent, boosted by auto sales and gasoline prices. Retail Sales Ex-Autos increased by 0.2 percent in December. The Producer Price Index for Final Demand gained 0.3 percent in December, on higher … Continue reading

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