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New Home Sales Strengthen In October
Following closely on the heels of reassuring reports issued earlier this morning on weekly jobless claims (which fell further during the latest seven-day stretch), personal income (which rose nicely in October), and durable goods orders (which increased by twice the 1.5% rate expected last month), came word that new home sales had increased smartly in October. Read more
Industrial Production Falters A Bit In October; Consumer Price Inflation Remains Benign
Industrial production eased in October, edging down 0.2% for the second month in succession. Expectations had been for a flattish reading. This generally disappointing performance continued a comparatively weak trend, which has been in place for the past three months in this core economic sector. Read more
Retail Sales Slacken In October, Producer Prices Soften Once More
Just when momentum for a December Federal Reserve-induced interest-rate increase was building strongly, with that expectation fueled notably by a surprisingly potent October jobs release, came word just moments ago that the all-important retail sector was sputtering once again. The retail spending survey was issued by the U.S. Commerce Department. Read more
Nonfarm Payrolls Up Sharply In October
This morning, the investment community received positive news on the U.S. economy when the Department of Labor released its report on employment and unemployment for the month of October at 8:30 A.M. (EST). Specifically, the report showed that the nation’s nonfarm payrolls increased by 271,000 last month. Read more
Nonmanufacturing Activity Up Sharply In October 2015
This morning we received an encouraging report on the U.S. economy when the Institute for Supply Management reported data on nonmanufacturing activity for the month of October. It marked the 69th consecutive month that economic activity in the services sector had grown. Read more
Manufacturing Activity Slowed in October
At 10:00 A.M. (EST) this morning, the Institute for Supply Management, a Tempe, Arizona-based trade group, issued its latest reading on manufacturing activity, and it was not a good report for a sector that has been showing signs of slowing in recent months. Read more
The Economy Slows Down As Expected In The Third Quarter
The nation's economy slowed down markedly in the third quarter, according to data furnished by the U.S. Commerce Department. To wit the advance report on the gross domestic product, which was issued within the past hour, showed that the economy had pushed forward by just 1.5% over the summer months. Read more
The Federal Reserve Holds The Line On Interest Rates
As we had expected, the Federal Reserve's FOMC meeting concluded with a decision to hold interest rates at near zero percent for at least another six weeks, or up until its mid-December get together. The vote was nearly unanimous, with just noted monetary hawk, Jeffrey Lacker dissenting--as he had done at the previous meeting last month. Read more
Consumer Confidence Falters In October
The news is getting somewhat worse for the economy. To wit, on the heels of weaker news on manufacturing, non-manufacturing, retail spending, and yesterday on sales of new homes, the Conference Board, within the past hour, has issued its latest survey on consumer confidence. And this metric was found to be wanting, as well. Read more
New Home Sales Falter In September 2015
In an additional sign that all is not well in the American economy, as 2015 winds down, the U.S. Government reported a bit earlier this morning, that sales of new homes, a small, yet volatile, corner of the housing market, fell in September on a consecutive-month basis, although they did tick up nominally on a year-over-year comparison. Read more
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