Tag Archives: Economic Alert

FOMC Policy Announcement

Fed Does the Expected and Raises the Fed Funds Rate The Federal Open Market Committee voted to raise the fed funds rate to a range of 25 to 50 bps. Forward Guidance emphasizes a gradual approach to future rate hikes … Continue reading

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November Residential Construction, Industrial Production

Stronger Construction and Weaker Production Numbers Launch Fed Day November Housing Starts increased by 10.5 percent to a 1,173,000 unit annual rate. Permits for new residential construction increased by 11.0 percent to a 1,289,000 unit pace. Industrial Production fell by … Continue reading

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November U.S. Employment, October International Trade

Solid Jobs Report Starts Countdown to Interest Rate Liftoff November Payroll Employment increased by 211,000 jobs, a little above consensus expectations. October and September payroll levels were revised up by a total of 35,000 jobs. The Unemployment Rate for November … Continue reading

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November ISM Non-Manufacturing, UI Claims, Fedspeak and ECB

Nuanced Data, More Manifestations of the Desynchronization of Global Monetary Policy The ISM Non-Manufacturing Index for November decreased more than expected to 55.9 percent. Initial Claims for Unemployment Insurance gained 9,000 to hit 269,000 for the week ending Nov. 27. … Continue reading

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October U.S. Employment

Strong Jobs Report Increases Likelihood of December Fed Rate Hike October Payroll Employment increased by a stronger-than-expected 271,000 jobs. August and September payroll levels were revised up by a total of 12,000 jobs. The Unemployment Rate for October fell to … Continue reading

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October ISM Manufacturing, September Construction Spending

Manufacturing Sector Approaches Stall Speed The ISM Manufacturing Index for October decreased again to a barely-positive 50.1 percent. Construction Spending increased by 0.6 percent in September, boosted by private multi-family. The ISM Manufacturing Survey declined in October, for the fourth … Continue reading

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2015Q3 GDP, October UI Claims, Fedspeak

Third Quarter GDP Growth Cooled as Inventories Were Drained Real Gross Domestic Product for 2015Q3 increased at a tepid 1.5 percent annual rate. Initial Claims for Unemployment Insurance were little changed at 260,000 for the week ending Oct. 24. The … Continue reading

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September Existing Home Sales, Leading Indicators, Oct. UI Claims

Home Sales Rebound, Indicators Dip on Stock Prices, Claims Low Existing Home Sales for September increased by 4.7 percent to an annual rate of 5.55 million units. The Leading Economic Index fell by 0.2 percent in September, as the stock … Continue reading

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September Residential Construction, October Home Builders Survey

Builder Confidence Grows as Single-Family Construction Gains September Housing Starts increased by 6.5 percent to a 1,206,000 unit annual rate. Permits for new residential construction dropped in September by 5.0 percent to a 1,103,000 unit pace. The National Association of … Continue reading

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September U.S. Employment

Disappointing Jobs Report Adds to Fed Uncertainty September Payroll Employment increased by a weaker-than-expected 142,000 jobs. August and July payroll levels were revised down by a total of 59,000 jobs. The Unemployment Rate for September stayed at 5.1 percent. Average … Continue reading

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