Tag Archives: daily

October Consumer Prices, Existing Home Sales, Leading Indicators, November UI Claims

Low Oil Prices Dampen Consumer Inflation, Indicators Cruising into Q4 The October Consumer Price Index was unchanged as lower energy prices were met by higher air fares. The October Core CPI gained 0.2 percent, and was up 1.8 percent over … Continue reading

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October Residential Construction, Producer Prices

Home Construction Still Range Bound, but Builder Sentiment Improves October Housing Starts decreased by 2.8 percent to a 1,009,000 unit annual rate. Permits for new residential construction increased in October by 4.8 percent to a 1,080,000 unit pace. The Producer … Continue reading

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October Industrial Production, Empire State Survey

Production Eases on Utilities and Mining Industrial Production for October eased by 0.1 percent as utility and mining output dropped. The Empire State Manufacturing Survey increased in November to 10.2. Total industrial production for October eased by 0.1 percent despite … Continue reading

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October U.S. Employment

Labor Market Metrics Continue to Improve The October Payroll Employment Survey showed a gain of 214,000 payroll jobs. The Unemployment Rate for October dropped to 5.8 percent. Average Weekly Hours for all employees increased by one-tenth to 34.6 hours in … Continue reading

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October ADP Employment, ISM Non-MF Index

U.S. Economic Data Looks Strong Heading into Q4 The October ADP Employment Report showed a strong gain of 230,000 private-sector jobs. The ISM Non-Manufacturing Index for October eased to a still strong 57.1 percent. The ADP National Employment Report for … Continue reading

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September International Trade, Oil Prices, October Auto Sales

Trade Gap Widens, Implies Negative Revision to Q3 GDP The U.S. International Trade Gap widened to -$43.0 billion in September. Oil Prices are down as Saudi Arabia cut prices. WTI is trading at $77 per barrel. Light Vehicle Sales ticked … Continue reading

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October ISM Manufacturing, September Construction Spending

Strong ISM MF Report Bolsters Case for Solid U.S. Economy, Despite Global Headwinds The ISM Manufacturing Index for October increased to a robust 59.0 percent. October Construction Spending dipped by 0.4 percent, with easing public construction. Let’s not call it … Continue reading

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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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