Category Archives: Daily

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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December U.S. Employment

Middling Jobs Report Leaves Fed Expectations Unchanged Payroll Employment increased by 156,000 jobs in December, a little below expectations. The Unemployment Rate for December increased inconsequentially to 4.7 percent. Average Hourly Earnings jumped by 0.4 percent for the month, after … Continue reading

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December ADP Jobs, ISM-Non MF, UI Claims, Auto Sales

Positive Data at Year-End Shows Momentum Heading into 2017. The Curse of Q1? The December ADP Employment Report showed a gain of 153,000 private-sector jobs for the month. The ISM Non-Manufacturing Index for December was unchanged at 57.2, showing ongoing … Continue reading

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November Consumer Prices, Dec. UI Claims, NY Fed, BOE

No Surprises from Today’s Data as We Wind Down Economics Publications for the Year The November Consumer Price Index increased by 0.2 percent, boosted by energy prices. Core CPI also increased by 0.2 percent, and was up 2.1 percent over … Continue reading

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Federal Reserve Monetary Policy

Fed Raises Short-Term Interest Rates 25 Basis Points As Expected As widely expected, the Federal Reserve raised the target range of the fed funds rate by 25 basis points. The vote of the Federal Open Market Committee was unanimous. The … Continue reading

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November Retail Sales, Industrial Production and Producer Prices

 Holiday Sales, Ho Ho No? November Retail Sales increased by just 0.1 percent. Industrial Production fell by 0.4 percent in November as utility output dropped. The Producer Price Index for Final Demand increased by 0.4 percent in November. The Federal … Continue reading

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November U.S. Employment

Positive Jobs Report Sets the Stage for December 14 Rate Hike Payroll Employment increased by 178,000 jobs in November. The Unemployment Rate for November dropped to 4.6 percent. Average Hourly Earnings decreased by 0.1 percent for the month, after a … Continue reading

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