News Notes
Looking ahead to next week, the consumer price index figures for May will be released on Tuesday. The Fed’s decision on interest rates will be released on Wednesday, as well as the producer price index figures for May. On Thursday, U.S. retail sales figures for May will be released, along with industrial production data for […]
News Notes
U.S. employment increased more than expected in May, but a moderation in wages could allow the Federal Reserve to skip an interest rate hike this month for the first time in more than a year. Nonfarm payrolls increased by 339,000 jobs last month, the Labor Department said on Friday. Data for April was revised up […]
News Notes
Looking ahead to next week, the April report on new home sales will be released on Tuesday, followed by Wednesday’s report on the May meeting of the Fed’s Federal Open Market Committee. Thursday will bring first quarter updates on GDP and corporate profits. On Friday, the April data on durable goods will be released. (Source: […]
News notes
Looking ahead to next week’s economic news, the U.S. retail sales report for April will be released on Tuesday, May 16, followed by Wednesday’s report on housing starts in April. On Thursday, reports will be released on U.S. leading economic indicators for April and existing home sales for April. (Source: MarketWatch.com)
News Notes
Consumer sentiment was essentially unchanged this month, inching up less than two index points from March. Sentiment data, as provided by the University of Michigan in its monthly report, is now about 3% below a year ago but 27% above the all-time low from last June. Rising sentiment for lower-income consumers was offset by declines […]
News Notes
This week, a report on wholesale inventories is due out Monday, followed on Tuesday by remarks from the presidents of the Chicago, Philadelphia and Minneapolis fed presidents. On Wednesday, Consumer Price Index figures for March will be announced, as well as remarks from the Richmond and San Francisco fed presidents. On Thursday, Producer Price Index […]
News notes
The measure of inflation most closely watched by the Federal Reserve slowed in February, an encouraging sign for policymakers as they consider whether to raise interest rates further to slow the economy and bring price increases under control. The Personal Consumption Expenditures Index slowed to 5 percent on an annual basis in February, down from 5.3 […]
News Notes
New orders for key U.S.-manufactured capital goods unexpectedly rose in February, but data for the prior month was revised sharply down, suggesting that business spending on equipment could be struggling to rebound in the first quarter. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, increased 0.2% last month, […]
News Notes
Production at U.S. factories edged up in February and output in the prior month was stronger than expected, but manufacturing struggles under the weight of higher interest rates. Manufacturing output gained 0.1% last month, the Federal Reserve said on Friday. Data for January was revised up to show production at factories increasing 1.3% instead of […]
News Notes
The February jobs report released Friday showed the U.S. labor market continues to outperform expectations, with more than 300,000 jobs created last month amid stubborn inflation and aggressive rate increases from the Federal Reserve. The U.S. economy added 311,000 jobs in February, more than expected, while the unemployment rate ticked higher to 3.6%. Economists had expected […]
