Tag Archives: alert

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

Posted in Daily, United States | Tagged , , , , | Comments Off

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

Posted in Daily, United States | Tagged , , , , | Comments Off

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

Posted in Daily, United States | Tagged , , , | Comments Off

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

Posted in Dallas, United States | Tagged , , , | Comments Off

January Retail Sales, NFIB Survey, December JOLTS

Consumers Off to a Sluggish Start for Q1, Taxes Matter January Retail Sales increased by just 0.1 percent as consumers adjusted to higher taxes. Ex-auto Retail Sales gained 0.2 percent as general merchandise stores gained 1.1 percent. The NFIB Business … Continue reading

Posted in Daily, United States | Tagged , , , | Comments Off

December International Trade, Q4 Productivity, January UI Claims

         Positive December Trade Data Expected to Erase Negative on Q4 GDP The U.S. International Trade gap narrowed more than expected in December to -$38.5 billion. Nonfarm Productivity declined at a 2.0 percent annual rate in Q4 due to nonrepeating … Continue reading

Posted in Daily, United States | Tagged , , , | Comments Off

January U.S. Employment, ISM Manufacturing Index, Dec. Construction

Limping Into 2013 as Fiscal Headwinds Increase The January Payroll Employment Survey showed a gain of 157,000 jobs, a bit below expectations. The Unemployment Rate for January increased to 7.9 percent, essentially unchanged for 5 months. Average Weekly Hours were … Continue reading

Posted in Daily, United States | Tagged , , , , , , | Comments Off

2012Q4 GDP and Federal Reserve Policy Announcement

Q4 Real GDP Contracts Slightly, Monetary Policy Stays on Course Real Gross Domestic Product decreased slightly at a -0.1 percent annualized rate in 2012Q4. The drag came from inventories and Federal defense spending. Consumer spending, business fixed investment and residential … Continue reading

Posted in Daily, United States | Tagged , , , , | Comments Off

Dec. Durable Goods, Nov. House Prices, Jan. Consumer Confidence and TX Mf Index

 Mixed Data Suggests Some Momentum Heading into Fiscal Drag December New Orders for Durable Goods gained 4.6 percent, led by military and commercial aircraft. The Case-Shiller 20-City Composite House Price Index for November gained 0.6 percent. The Conference Board’s Consumer … Continue reading

Posted in Daily, United States | Tagged , , , , , | Comments Off

December New Home Sales

                                        Weather May Have Obscured Improving Trend  New Home Sales for December decreased by 7.3 percent, to a 369,000 unit annual rate. The Months’ Supply of new homes increased in December to 4.9 months’ worth. The new home sales data … Continue reading

Posted in Daily, United States | Tagged , , , | Comments Off