Tag Archives: daily

March Leading Indicators, Philly Fed, April UI Claims

 Indicators Still Positive for U.S. Economy The Conference Board’s Leading Economic Index for March increased by 0.4 percent. Initial Claims for Unemployment Insurance gained 10,000 for the week ending April 15, to hit 244,000. The Conference Board’s Leading Economic Index … Continue reading

Posted in Daily, General, United States | Tagged , | Comments Off on March Leading Indicators, Philly Fed, April UI Claims

March Residential Construction, Industrial Production

Starts Rebalance After February Bump Housing Starts decreased in March by 6.8 percent to a 1,215,000 unit annual rate. Permits for new residential construction increased by 3.6 percent to a 1,260,000 unit pace in March. Industrial Production increased by 0.5 … Continue reading

Posted in Daily, General, United States | Tagged , | Comments Off on March Residential Construction, Industrial Production

March U.S. Employment

Quirky Report Shows Weaker-than-Expected Payroll Gain Despite Other Strong Indicators Payroll Employment increased by only 98,000 jobs in March. The household survey surged by 472,000 jobs. The Unemployment Rate for March fell to 4.5 percent. Average Hourly Earnings increased by … Continue reading

Posted in Daily, General, United States | Tagged , | Comments Off on March U.S. Employment

March ADP Jobs, ISM Non-MF, FOMC Minutes

Ongoing Strong Job Gains and Discussion of a Shift in Fed Policy The March ADP Employment Report showed another strong gain, adding 263,000 private-sector jobs. The ISM Non-Manufacturing Index eased to a still-positive 55.2 in March. The minutes of the … Continue reading

Posted in Daily, General, United States | Tagged , | Comments Off on March ADP Jobs, ISM Non-MF, FOMC Minutes

February U.S. International Trade

Fears of Big Drag from Trade on Q1 GDP Diminished with New Data The Trade Gap narrowed by $4.6 billion in February, to -$43.6 billion. Exports increased marginally by $0.4 billion, with slightly stronger exports of goods. Imports fell by … Continue reading

Posted in Daily, General, United States | Tagged , | Comments Off on February U.S. International Trade

March ISM-MF Index, February Construction Spending, Fed Balance Sheet

 Good Data Accompanies Discussion of Fed’s Balance Sheet The ISM Manufacturing Index for March decreased to a still-positive 57.2, showing improving conditions. Construction spending increased by 0.8 percent in March, boosted by private multi-family projects. The ISM Manufacturing Index for … Continue reading

Posted in Daily, General, United States | Tagged , | Comments Off on March ISM-MF Index, February Construction Spending, Fed Balance Sheet

February New and Existing Home Sales, March UI Claims

New Home Sales Strong in February New Home Sales increased by 6.1 percent to a 592,000 unit annual rate. Existing Home Sales fell by 3.7 percent in February to a 5,480,000 unit annual rate. Initial Claims for Unemployment Insurance gained … Continue reading

Posted in Daily, General, United States | Tagged , | Comments Off on February New and Existing Home Sales, March UI Claims

Federal Reserve Monetary Policy

Fed Raises Short-Term Interest Rates 25 Basis Points As Expected The Federal Reserve raised the target range of the fed funds rate by 25 basis points. The new Dot Plot remains consistent with three 25 basis point rate hikes in … Continue reading

Posted in Daily, General, United States | Tagged , | Comments Off on Federal Reserve Monetary Policy

Feb. Consumer Prices, Retail Sales, Jan. Biz. Inventories, March NAHB and NY Fed

Nothing in Today’s Data Stops the Fed from Announcing a Rate Hike This Afternoon The February Consumer Price Index increased by 0.1 percent. Core CPI increased by 0.2 percent, and was up 2.2 percent over the previous 12 months. Retail … Continue reading

Posted in Daily, General, United States | Tagged , | Comments Off on Feb. Consumer Prices, Retail Sales, Jan. Biz. Inventories, March NAHB and NY Fed

February PPI, Small Business Confidence

Data Consistent with Fed Rate Hike Expectations for Tomorrow The Producer Price Index for Final Demand increased by 0.3 percent in February. Core Producer Prices also increased by 0.3 percent. The NFIB’s Small Business Optimism Index sustained its recent surge, … Continue reading

Posted in Daily, General, United States | Tagged , | Comments Off on February PPI, Small Business Confidence