Tag Archives: FOMC

May Consumer Prices, Residential Construction

Two More Data Points for the Fed to Consider                                                              The May Consumer Price Index increased by 0.1 percent as food prices fell. The May Core CPI increased by 0.2 percent, gaining 1.7 percent over the previous 12 months. Housing Starts … Continue reading

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Comerica Economic Weekly

Mixed data this week suggests that the Fed will not begin to back off the QE accelerator at their upcoming FOMC meeting this Tuesday and Wednesday Total retail sales increased by 0.6 percent in May, suggesting that the American consumer … Continue reading

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Comerica Economic Weekly

Two themes emerged from this week’s U.S. economic events. (1) Residential real estate conditions continue to improve. (2) The Federal Reserve is getting close to the beginning of the end of QE3. Continue reading

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April New Home Sales, Existing Home Sales, May UI Claims, Fedspeak

Housing-related data continues to be positive. New home sales for April increased by 2.3 percent to hit a 454,000 unit sales rate. Also, Federal Reserve officials are increasingly anticipating the turn in monetary policy. Continue reading

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FOMC Policy Announcement

FOMC Stays the Course, QE3 Sails On, Other News Mixed QE3 will continue as originally defined with a total of $85 billion of asset purchases per month. The FOMC is prepared to change the pace of purchases as conditions change. … Continue reading

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2012Q4 GDP and Federal Reserve Policy Announcement

Q4 Real GDP Contracts Slightly, Monetary Policy Stays on Course Real Gross Domestic Product decreased slightly at a -0.1 percent annualized rate in 2012Q4. The drag came from inventories and Federal defense spending. Consumer spending, business fixed investment and residential … Continue reading

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Dec. Durable Goods, Nov. House Prices, Jan. Consumer Confidence and TX Mf Index

 Mixed Data Suggests Some Momentum Heading into Fiscal Drag December New Orders for Durable Goods gained 4.6 percent, led by military and commercial aircraft. The Case-Shiller 20-City Composite House Price Index for November gained 0.6 percent. The Conference Board’s Consumer … Continue reading

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