Tag Archives: FOMC

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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From the Desk of Robert Dye

The global stock market sell-off that washed over into U.S. markets today reflects multiple sources of uncertainty. The health of the Chinese economy is of obvious concern. The world’s second largest economy appears to be closer to stalling than the … Continue reading

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April Leading Indicators, Existing Home Sales, May UI Claims, Fedspeak

Indicators Show Rebound After Weak Q1, Fed Rules Out June Lift-Off The Conference Board’s Leading Economic Index for April increased by 0.7 percent. Existing Home Sales for April declined by 3.3 percent to a 5.04 million unit annual rate. Initial … Continue reading

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March Income and Spending, Q1 Employment Costs, April UI Claims, Fed

Unconvincing Data Keeps Fed on Hold S. Personal Income was unchanged in March. After taxes and inflation it dipped 0.2 percent. Real Consumer Spending increased by 0.3 percent in March as auto sales rebounded. The Employment Cost Index continued to … Continue reading

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Comerica Economic Weekly

This was a light week for U.S. data, dominated by the release of the minutes of the June 17/18 Federal Open Market Committee meeting. There are several important components of the minutes that shed some light on a still-murky Federal … Continue reading

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Comerica Economic Weekly

The Federal Reserve dominated this week’s U.S. economic headlines as they did the expected, more tapering and no change to interest rate policy. The Federal Open Market Committee policy announcement on Wednesday called for a reduction in asset purchases to … Continue reading

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Yellen Testimony, Q1 Productivity, April ISM-NMF, March Trade

No Surprises from Yellen Testimony, Eyes on Housing  FOMC Chairwoman Janet Yellen delivered reassuring testimony before the Joint Economic Committee. U.S. Nonfarm Productivity declined at a 1.7 percent annual rate in the first quarter of 2014. Unit Labor Costs increased … Continue reading

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April ISM Manufacturing, FOMC, March Construction, Income/Spending

Grab Bag of Data Consistent with Ongoing Expansion  The ISM Manufacturing Index for April increased to a solid 54.9 percent, boosted by employment. The Federal Reserve tapered asset purchases as expected. No change to the fed funds rate. March Construction … Continue reading

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February Leading Indicators, Existing Home Sales, March UI Claims, Fed Wrap-Up

Indicators Positive, Fed Signals Ongoing Unwind from Extraordinary Policy The Leading Economic Index for February increased by 0.5 percent, suggesting a spring thaw is coming. Existing Home Sales for February fell slightly to a 4.60 million unit annual rate. Initial … Continue reading

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