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Today features an event that's usually considered the most important economic report of the month. But it might be distorted by the strong economy. That might sound crazy, but it's exactly what happened yesterday when ADP's private-sector payroll tally missed...
Initial public offerings (IPOs) keep coming at their quickest pace in three years. Some $4.5 billion of stock in new companies came to market last month, according to data from ClickIPO. It was the busiest June since 2015. Click here for more stories about IPOs. The...
It's Fourth of July week, and the fireworks may have already begun. The last few days have featured even more bangs and flashes between U.S. and other countries. The spectacles continue to revolve around trade as the Trump Administration looks to narrow the gap...
Strength in consumer spending is highlighted in today's Personal Income & Outlays report, demonstrated by the PCE index, the Federal Reserve’s preferred inflation gauge, rose 0.2%, as did the core rate that strips out food and energy. The stock market reaction has...
The US Department of Commerce reported that Gross Domestic Product (GDP) price index came in at 2.2 percent which is above expectations which were fixed at 1.9 percent. The GDP core, however, remains unchanged in the third estimate at 2.6 percent. The GDP price index...
Home prices slowed during the early part of Q2 and the Case-Shiller report is the latest to confirm the softening. Case-Shiller's 20-city adjusted index managed only a 0.2 percent gain in April which was short of expectations. White House trade adviser Peter Navarro...
New home sales have been housing's central strength and unexpected weakness in today's report would raise new questions over the sector's contribution to the 2018 economy. There has been a solid upward trend for new home sales and analysts expect a slight increase in...
Don’s Notebook June 22, 2018 The Purchasing Manager's Index (PMI) Composite Flash Index provides an early estimate of current private sector output by combining information obtained from surveys of around 1,000 manufacturing and service sector companies. A pick up in...
Economic data have been picking up strength but this was not anticipated in today's Federal Reserve Industrial Production report. A big drop in autos pulled industrial production lower in May, slipping 0.1 percent. Manufacturing volumes fell 0.7 percent, pulled down...
Yesterday's FOMC statement said household spending has picked up indicating strength for today's retail sales report. Confirmation came this morning in the US Commerce Department’s Retail Sales report. Retail sales jumped 0.8 percent in May topping most estimates. And...