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24/7 Wall St. Wire Articles
Richmond Fed President Jeffrey Lacker was a continuous voice of dissent on quantitative easing for quite some time. So, it should be no surprise that he is calling for rate hikes from the Federal...
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ThinkstockWe have already seen a slightly lower reading on weekly jobless claims on Thursday, but the more important report is on personal income and spending. The U.S. Commerce Department reported...
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ThinkstockThe U.S. Labor Department has issued its weekly jobless claims, and we saw another drop in claims. Unfortunately, that decline was only by 2,000, down to 312,000. The prior week was also...
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ThinkstockTwo economic readings will be the talk of the market on Wednesday. The first is a very poor turnout of first quarter gross domestic product (GDP) revision. The second is a durable goods...
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ThinkstockThe Federal Reserve Bank of Richmond manufacturing index showed an unexpected drop in the month of June, falling to a reading of 3 from 7 in May. Bloomberg’s consensus estimate had the...
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ThinkstockThe Conference Board has released its Consumer Confidence Index for June, and the numbers are looking good. Confidence continues to improve, rising to 85.2 in June from 82.2 in May. The...
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ThinkstockThe Chicago Fed National Activity Index (CFNAI) rose in the month of May to 0.21. This is a monthly index measuring overall economic activity and related inflationary pressure. April’s...
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ThinkstockThursday was a busy morning for economic reports, but we would caution that these reports are on the heels of the Federal Reserve’s FOMC meeting results on Wednesday. The Philadelphia...
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ThinkstockThe U.S. Department of Labor is out with its weekly jobless claims report from last week, showing a positive trend. Jobless claims fell to 312,000 in the past week. Bloomberg was calling...
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ThinkstockWhile the producer prices might have shown some fears of deflation, the Consumer Price Index (CPI) for May is showing an uptick of prices. The headline CPI saw a gain of 0.4%, higher than...
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Jon OggThe International Monetary Fund (IMF) has released its 2014 Article IV Consultation with the United States of America. The Article IV highlighted five themes that the IMF feels would...
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courtesy of the Federal ReserveOver the past week, U.S. and global financial markets have gone from a period of complacency to being worried about an outright civil war and uprising in Iraq. But now...
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ThinkstockIndustrial production rose by 0.6% in the United States in the month of May, while capacity utilization rose to 79.1%. These compare to a 0.3% drop in production and 78.6% capacity...
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ThinkstockThe preliminary reading from the Reuters/University of Michigan Consumer Sentiment report is out at 81.2 for the first look at June. Bloomberg had a consensus estimate of 83.0. The current...
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ThinkstockThe Labor Department has released its Producer Price Index (PPI), a measurement of wholesale inflation. In Friday’s report, that should probably read deflation. Before you panic about...
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