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Category Archives: United States
The Push and the Pull
The U.S. economy is experiencing the opposing forces of expansive monetary policy and tightening fiscal policy. Between the push and the pull, the private sector is expected to grow moderately through the remainder of this year, enough to bring the unemployment rate down slowly and keep real estate markets heading in a positive direction. Continue reading
Posted in General, Monthly, United States
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Comerica Economic Weekly
Unemployment insurance claims and chain‐store sales, both due out Thursday, will be the most watched economic numbers for the week ahead. 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
Comerica Economic Weekly
April showers have been raining on U.S. economic data; it looks a bit soggy as we close out the month. GDP increased at a weaker-than-expected 2.5 percent annualized rate in the first quarter as weather played an outsized role. Colder … Continue reading
March Residential Construction, Consumer Prices, Industrial Production
Starts Hit Million Unit Rate, Consumer Prices Dip, Output Boosted by Weather Housing Starts for March increased by 7.0 percent to a 1,036,000 unit annual rate. Permits for new residential construction dipped in March by 3.9 percent to a 902,000 … 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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The Inventory Swing and the Fiscal Cliff Increase Odds of Mid‐Year Lull
Real GDP growth for the recently completed first quarter of 2013 appears likely to exceed earlier expectations when the first estimate is released on April 26. Despite the drag from fiscal tightening, real GDP growth is set to register in … Continue reading
Comerica Economic Weekly
U.S. economic data at the close of the first quarter was mixed, consistent with the view that economic momentum continued through the quarter, but conditions remain far from normal in part due to ongoing uncertainty about fiscal tightening and other … Continue reading
Posted in United States, Weekly
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