Tag Archives: alert

September Industrial Production and Pending Home Sales, October Texas MF Production Driven by Utilities. Housing Indicator Shows Vulnerability Industrial Production for September increased by 0.6 percent as utility production rebounded. The Pending Home Sales index for September declined by 5.6 … Continue reading

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June New and Existing Home Sales, July FOMC Preview

Existing Sales Dip, But New Home Sales Surge New Home Sales for June increased by 8.3 percent to a 497,000 unit annual rate. The Months’ Supply of New Homes on the market fell to a very tight 3.9 months’ worth … Continue reading

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June ISM Manufacturing, May Construction Spending

Indicators Show Moderate Growth in Just-Completed Second Quarter  The ISM Manufacturing Index for June increased to 50.9 percent, indicating slight improvement. Construction Spending for May gained 0.5 percent, held down by weak private non-residential activity. We cross the mid-year 2013 … Continue reading

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May Income and Spending, June UI Claims, Q1 GDP Revision

Income Gains Plus Home Equity Accumulation Equals Steadier Consumer Spending  U.S. Personal Income increased by 0.5 percent in May, driven by interest and dividend income. After accounting for inflation and taxes, Real Disposable Personal Income gained 0.4 percent in May. … Continue reading

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FOMC Policy Announcement

No Taper in June, Language a Little More Positive  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. The … Continue reading

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May Consumer Prices, Residential Construction

Two More Data Points for the Fed to Consider                                                              The May Consumer Price Index increased by 0.1 percent as food prices fell. The May Core CPI increased by 0.2 percent, gaining 1.7 percent over the previous 12 months. Housing Starts … Continue reading

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May Producer Price Index, Industrial Production, June Consumer Sentiment

 Data Suggests no QE3 Taper this Month The May Producer Price Index for Finished Goods increased by 0.5 percent, pushed by food and energy. The Core PPI for Finished Goods gained a sedate 0.1 percent in May. Industrial Production was … Continue reading

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April Income and Spending

Real Income Close to Stall Speed, Savings Rate Stays Low, Disinflation Continues U.S. Personal Income was unchanged nominally in April, but falling prices helped. The PCE Price Index decreased by 0.3 percent in April as gasoline prices eased. After accounting … Continue reading

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April New Home Sales, Existing Home Sales, May UI Claims, Fedspeak

Housing-related data continues to be positive. New home sales for April increased by 2.3 percent to hit a 454,000 unit sales rate. Also, Federal Reserve officials are increasingly anticipating the turn in monetary policy. Continue reading

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February U.S. Employment

                                         Solid Hiring is the Antidote to Fiscal Tightening The February Payroll Employment Survey showed a solid gain of 236,000 jobs, beating expectations. The Unemployment Rate for February decreased to 7.7 percent, the lowest since December 2008. Average Weekly Hours … Continue reading

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