Category: Economy

Real GDP increased at a 2.4% annual rate in Q2, beating the consensus expected 1.8%. The largest positive contributions to […]

New orders for durable goods rose 4.7% in June (+4.9% including revisions to prior months), easily beating the consensus expected […]

Anyone hoping for excitement from today’s Fed statement was severely disappointed. As expected, the federal funds rate was lifted 25 […]

New single-family home sales declined 2.5% in June to a 0.697 million annual rate, lagging the consensus expected 0.725 million. […]

No one should be popping champagne when they see Thursday’s GDP report.  The good news is that it won’t be […]

Existing home sales declined 3.3% in June to a 4.160 million annual rate, narrowly lagging the consensus expected 4.200 million. […]

Industrial production declined 0.5% in June (-0.8% including revisions to prior months) versus a consensus expectation of 0.0%.  Utilities output […]

Retail sales rose 0.2% in June, (+0.4% including revisions to prior months), lagging the consensus expected gain of 0.5%.  Retail […]

The best news last week was that inflation came in below expectations for June.  Consumer prices rose a moderate 0.2% […]

The Producer Price Index (PPI) rose 0.1% in June, coming in below the consensus expected +0.2%. Producer prices are up […]

The Consumer Price Index (CPI) rose 0.2% in June, below the consensus expected +0.3%.  The CPI is up 3.0% from […]

Prior to 2008, when the Federal Reserve ran a “scarce reserve” monetary policy, just about every bank in the US […]

Nonfarm payrolls increased 209,000 in June, narrowly lagging the consensus expected 230,000.  Payroll gains for April and May were revised […]