Tag Archives: daily

2014Q3 GDP, Federal Reserve Policy Announcement, October UI Claims

The End of the World Is Over, Solid Data Trumps Market Jitters Real Gross Domestic Product increased at a 3.5 percent annualized rate in 2014Q3. The Federal Reserve ends balance sheet expansion, another step in the pivot. Initial Claims for … Continue reading

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September Consumer Prices, Existing Home Sales

Inflation Low as Oil Prices Fall, Home Sales Best in a Year The September Consumer Price Index increased by 0.1 percent, boosted by food prices. The September Core CPI also gained 0.1 percent, and was up 1.7 percent over the … Continue reading

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September Retail Sales, Producer Prices, August Inventories

Soft Sales Data Adds Momentum to De-Risking, Stocks Sell-Off, Bond Yields Fall September Retail Sales decreased by 0.3 percent, adding to de-risking momentum in financial markets. Ex-auto Retail Sales decreased by 0.2 percent. Most categories were down. Gasoline prices dropped. … Continue reading

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September U.S. Employment, ISM Non-MF, August International Trade

Solid Economic Data Supports Stabilizing Stock Market, Decoupling, Fedspeak The September Payroll Employment Survey showed a gain of 248,000 jobs. July and August revised up. The Unemployment Rate for September dropped to 5.9 percent. The ISM Non-Manufacturing Index for September … Continue reading

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September ADP Employment, ISM-MF Index, August Construction Spending

Solid Q3 Data Keeps the Fed on Track for Policy Pivot The September ADP Employment Report showed a solid gain of 213,000 private-sector jobs. The ISM-Manufacturing Index for September fell to a still-positive 56.6, indicating improving conditions. Total Construction Spending … Continue reading

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August New and Existing Home Sales

New Home Sales Jump in August, Existing Sales Cooler New Home Sales for August jumped by 18.0 percent, to an annual rate of 504,000. Existing Homes Sales dipped by 1.8 percent in August, to hit an annual rate of 5.05 … Continue reading

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August U.S. Employment

Job Gains Disappoint At +142K, U. Rate Ticks Down to 6.1% The August Payroll Employment Survey showed a weaker-than-expected gain of 142,000 jobs. The Unemployment Rate for August dipped slightly to 6.1 percent. Average Hourly Earnings increased by 0.2 percent … Continue reading

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August ADP Employment, Auto Sales, ISM Non-MF, UI Claims, July Trade, ECB

Late Summer U.S. Data Sizzles, Draghi Doubles Down The August ADP Employment Report showed an increase of 204,000 private-sector jobs. Auto Sales for August geared up to a 17.5 million unit annual rate. The ISM Non-Manufacturing Index increased to 59.6 … Continue reading

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July Retail Sales, NFIB, June JOLTS

Shoppers Feeling Good, Went on Vacation in July, Sales Soft  Retail Sales for July disappointed, unchanged from June, providing a soft start to Q3 consumer spending. Ex-auto Retail Sales gained just 0.1 percent, pushed by clothing, personal care and food/beverages. … Continue reading

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June International Trade, July ISM Non-MF, Mortgage Apps

U.S. Economic Data Continues a Strong Run The U.S. International Trade Gap narrowed to -$41.5 billion in June, adding to Q2 GDP. The ISM Non-Manufacturing Index advanced to 58.7 in June, its best reading ever, since 2008. The Composite Index … Continue reading

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