Category: Economy

Personal income rose 0.5% in May (+0.4% including revisions to prior months), versus a consensus expected 0.4%.  Personal consumption rose […]

Real GDP growth in Q1 was revised higher to a consensus expected 1.4% annual rate from a prior estimate of […]

New orders for durable goods rose 0.1% in May (-0.3% including downward revisions to prior months), beating the consensus expected […]

New single-family home sales declined 11.3% in May to a 0.619 million annual rate, lagging the consensus expected 0.633 million. […]

Back in the early days of COVID, there was one key indicator that signaled or predicted the high inflation ahead: […]

Existing home sales declined 0.7% in May to a 4.110 million annual rate, narrowly beating the consensus expected 4.100 million. […]

Housing starts declined 5.5% in May to a 1.277 million annual rate, widely lagging the consensus expected 1.370 million.  Starts […]

Industrial production increased 0.9% in May (+0.5% including revisions to prior months), easily beating the consensus expected gain of 0.3%. […]

Retail sales rose 0.1% in May (-0.3% including revisions to prior months), lagging the consensus expected gain of 0.3%.  Retail […]

Last week, Donald Trump proposed replacing the income tax with a tariff on imports.  Washington DC let out a loud, […]

The Producer Price Index (PPI) declined 0.2% in May, coming in well below the consensus expected rise of 0.1%.  Producer […]

Today, the Fed made it clear there’d be fewer rate cuts in 2024, most likely one or two, with a […]

The Consumer Price Index (CPI) was unchanged in May, below the consensus expected +0.1%.  The CPI is up 3.3% from […]

With a Presidential election less than five months away, expect to hear a great deal of discussion about inequality: the […]

Nonfarm payrolls increased 272,000 in May, easily beating the consensus expected 180,000.  Payroll gains for March and April were revised […]