Tag Archives: FOMC

2016Q1 GDP, April UI Claims, FOMC

Weak First Quarter GDP Dragged Down by Business Investment, Inventories, Trade, Defense Real Gross Domestic Product for 2016Q1 increased at a weak 0.5 percent annual rate. Initial Claims for Unemployment Insurance increased by 9,000 to 257,000 for the week ending … Continue reading

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FOMC Statement, December New Home Sales, November House Prices

Fed Keeps Key Interest Rate Unchanged As Expected The Federal Open Market Committee voted today to keep the fed funds target range unchanged. New Home Sales for December surged by 10.8 percent to a 544,000 unit annual rate. The U.S. … Continue reading

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From the Desk of Robert Dye

Slushy Data Will Freeze the Fed this Winter Recent financial market volatility plus another leg down in oil prices, to near $30 per barrel for WTI, will make for an interesting discussion at the upcoming Federal Open Market Committee meeting … Continue reading

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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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Comerica Economic Weekly

Economic data leading up to the Federal Open Market Committee meeting of next week was within expected ranges. The most significant data point of the week was the price of oil, which has now dropped to about $36 per barrel … 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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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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August Income/Spending, Fedspeak

Strong Consumer Spending Shows Changing Forces within Economy S. Personal Income lifted by 0.3 percent in August. Real disposable income also gained 0.3 percent. Nominal Consumer Spending increased by 0.4 percent in August, supported by auto sales. New York Federal … Continue reading

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From the Desk of Robert Dye

This Thursday, at 2pm ET, 1pm CT, we expect to know the results of the Federal Open Market Committee’s two-day meeting over this Wednesday and Thursday. In her semi-annual testimony to Congress in July, Janet Yellen said most FOMC participants … Continue reading

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August ADP Jobs, Auto Sales, ISM MF Index, July Construction Spending

Grab Bag of Economic Data Consistent with Moderate Growth Economy The August ADP Employment Report showed a moderate increase of 190,000 private-sector jobs. Auto Sales zoomed to a robust 17.8 million unit rate in August. The ISM Manufacturing Index for … Continue reading

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