Home > Markets > Commentaries
Non-Manufacturing Activity Slows Its Rate Of Growth In October
Economic activity in the key non-manufacturing sector grew in October on an absolute basis, for the 81st month in a row, according to the nation's purchasing managers. In all, such activity registered a reading of 54.8 last month. That was comfortably above the neutral score of 50.0, which separates an expanding services sector from one that is contracting. Read more
The Federal Reserve Stands Pat On The Interest Rate Front, As Expected
The Federal Reserve has voted to keep short-term interest rates unchanged. This meant that the Fed has now held rates at their present level throughout the year, thus far. Last December, the bank shifted gears, raising borrowing costs slightly for the first time in nearly a decade. However, as yet, there has been no follow through, in part as the economy had wilted in the first half. The next Fed meeting, in mid-December, could see a rate hike, as the election will be over by that time. But there is no assurance that scenario will unfold. 
Read more
Beige Book Shows A Continuing Constructive Economic Outlook
The Federal Reserve has issued its periodic Beige Book economic summation within the last hour and there were no surprises that would undermine in either the economy or the stock market. In fact, minutes after the widely anticipated release came out, the equity market's gains, already rather impressive today, were solidified even further, with the day's gain in the Dow Jones Industrial Average briefly rising toward 90 points before settling back again. Read more
The Employment Situation Holds Few Big Surprises
The widely anticipated employment report for September, issued earlier this morning, held few notable surprises. Specifically, the nation added 156,000 new positions last month, which was some 20,000 below the latest forecasted increase of 175,000. Earlier in the week, the consensus expectation had been for 165,000 jobs to be added. Read more
Existing Home Sales Ease Slightly In August 2016
Sales of existing homes eased back a tad last month, with the report issued just moments ago affirming that such transactions totaled an annualized 5.33 million homes. This was the second straight month in which sales had dipped, with the latest decline a scant 0.9%.    
Read more
The Federal Reserve, Once Again, Holds The Line On Interest Rates
The Federal Reserve again looked at the possibility of raising interest rates, and as it has done on all previous Federal Open Market Committee (FOMC) meetings this year, opted to stay the course. To be sure, while some members had counseled for the need to possibly hike borrowing costs at this time, the majority felt it would be better to stand aside. However, the FOMC strongly hinted that it would still raise rates this year. The rate decision had been widely expected. Read more
Industrial Production Falls Back In August, And Capacity Use Also Weakens
Following on the heels earlier this morning of a weak report on retail spending across the country, the U.S. Commerce Department has reported that industrial production at the nation's factories, mines, and utilities also faltered last month, as did capacity utilization at U.S. facilities. Read more
Manufacturing Activity Contracts In August 2016
Business activity in this country's manufacturing sector contracted slightly last month, following five straight monthly advances, falling to a reading of 49.4. That was below the 50.0 line, which separates an expanding manufacturing sector from one that is contracting. Last month's results, meantime, fell shy of the July tally of 52.6 and also the expected tabulation of 52.1. Clearly, this was a disappointing result for the industrial sector. Read more
Job Growth Comes In Better Than Expected In July
Wall Street received some welcome good news this morning, as the Labor Department reported that the country had added a much better-than-expected 255,000 new jobs in July; expectations had been for a more modest increase of 180,000. Read more
The Federal Reserve Holds The Line On Interest Rates, But Sees Some Selective Pickup In The Economy
The two-day Federal Open Market Committee meeting concluded a little earlier this afternoon, with the central bank providing no surprises of note with its decision to leave short-term interest rates unchanged, within a range of 0.25% to 0.50%. The stock market, off slightly before the Fed decision and accompanying rate statement, improved slightly in the first few minutes of trading, but, in general, set off few buy or sell programs initially. Read more
[First] [Previous] [Next] [last]