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ThinkstockThe European Central Bank (ECB) and the Bank of England (BOE) have both voted to leave their key short-term rates flat at 0.50%. Despite the notion that Europe is still teetering on or in a...
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ThinkstockThe Institute for Supply Management has released its national manufacturing data for the month of May. Monday’s report is very soft at only 49.0% and is a disappointment, considering...
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ThinkstockThe durable goods report for April is turning out to look incredibly durable at 3.3% for the month. Bloomberg had the consensus estimate of 1.1% and Dow Jones had the consensus at 1.3%....
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ThinkstockThe New York Federal Reserve branch’s Liberty Street Economics latest blog posting indicates that the New York Fed staff is targeting stronger growth and perhaps better prices ahead. The...
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ThinkstockThe Federal Reserve Bank of Kansas City is headed by President Esther George, and she is the current policy hawk of 2013, after Richmond’s Jeff Lacker had been the big hawk in 2012....
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ThinkstockFederal Reserve chairman Ben Bernanke is speaking today in testimony to Congress. While all heads were turned to watch Bernanke’s hints and intonations, we do not expect to see any major...
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ThinkstockThe Chicago Federal Reserve has released its National Activity Index for the month of April. Unfortunately, the move was in the wrong direction. April saw the drop down to -0.53 from an...
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Jon OggThe first-quarter earnings season is peaking this week, as far as the number of companies on a normal calendar. Corporate earnings have been weaker than expected in a manner of sorts, yet...
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Wikimedia CommonsGoldman Sachs Group Inc. (NYSE: GS) has lowered targets and bashing objectives on many things. Today it is Europe, which follows the firm’s somewhat worrisome downgrade of copper...
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Jon OggAnother weak reading was issued from yet another regional Federal Reserve Bank. The Richmond Fed reading fell sharply to -6 in April, versus a reading of 3 in March. Bloomberg had a consensus...
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ThinkstockThe first revision to the first-quarter gross domestic product is out. The revision put fourth-quarter GDP up in positive territory, but only at 0.1%. The prior look was in the red at...
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Jon Ogg24/7 Wall St. has covered the coming spending sequestration and many of the threats and warnings that have come with the day of reckoning now looming and seeming almost unavoidable. President...
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Jon OggThe Commerce Department is confirming the worst fears of the economic worrywarts. Gross domestic product for the fourth quarter of 2012 came in negative rather than positive. This headline...
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Today’s data from the Institute for Supply Management is showing that the November Manufacturing Report on Business was an utter disappointment. The ISM figure came in at 49.5%, which is under the...
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ThinkstockThe Institute for Supply Management is out with a delayed “Report on Business” for the New York region. Hurricane issues in New York delayed the report from last week, and we have...
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