24/7 Wall St. Wire

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Consumer Confidence Surges to Post-Recession High, Strong 2014 Outlook

The Conference Board is out with its monthly reading of consumer confidence in the month of July. It posted its third consecutive gain, but perhaps the real news is that ...
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Federal Reserve

FOMC Preview Ahead of GDP and Unemployment

Tuesday marks the beginning of the July Federal Open Market Committee (FOMC) meeting of the Federal Reserve. This is a two-day meeting and the FOMC meeting announcement is slated for ...
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factory

U.S. Second-Quarter GDP Watch in the Week Ahead

While all eyes will be on the upcoming July unemployment and payrolls on Friday, August 1, the other big economic report during the week will of course be second-quarter gross domestic ...
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robots

June Durable Goods Likely Saved Second-Quarter GDP

Friday's report on durable goods was one we were paying close attention to. After all, this is the last major broad production and consumption number ahead of the first look ...
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factory

Why Durable Goods Matters So Much on Friday – GDP Watch

On Friday we will get to see the report for Durable Goods  for the month of June. This is an incredibly important report because it is for June, marking the ...
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US_Dept_of_Labor

An Astounding and Amazing Weekly Jobless Claims Report From the Labor Department

The U.S. Labor Department's report on weekly jobless claims blew the doors off the hinges. After last week's reading was revised to 303,000 from 302,000, the number came in at ...
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Inflation

June CPI Shows Inflation Has Arrived — Or Has It?

The U.S. Labor Department gave us the formal inflation reading for the month of June on Tuesday morning. Most investors are more concerned about major earnings reports and economic recovery ...
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Goldman Sachs

Goldman Sachs Grows a Bit Cautious on Small-Cap Stocks

Investors who prefer to invest in small-cap stocks instead of Dow Jones Industrial Average and S&P 500 Index stocks may have a difficult time through the rest of 2014. That ...
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Smokestacks

GDP Watch: National Growth Decelerated in June

After a 2.9% drop in gross domestic product (GDP) in the first quarter of 2014, all eyes have been on June economic readings. After all, June marks the end of ...
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car_production_line

Economic Recovery Watch: Capacity Utilization’s Weaker Reality

24/7 Wall St. covers many economic readings throughout each week, month and year. Many economic reports are trumped up in their value by the financial media and by short-term traders, ...
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Labor Department Brings Great News on Jobless Claims

The U.S. Labor Department is out with its tally on weekly jobless claims, and the verdict is that it was great news. While other information is out that was not ...
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Federal Reserve Beige Book Indicates Growth Trajectory Nationwide

The Federal Reserve has released its latest installment of the so-called Beige Book. The Fed is getting yet another chance to move the market with data that should have already ...
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factory

Industrial Production Softening, Capacity Galore

Wednesday's economic reporting included industrial production and capacity utilization data for the month of June. It turns out that production was muted, and capacity remains defiantly under that key 80% ...
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Inflation

Labor Department Shows Inflation Uptick in Producer Prices

The U.S. Labor Department released its Producer Price Index (PPI) for final demand for the month of June on Wednesday morning. We were worried that wholesale inflation would be stronger ...
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Inflation

Why Producer Prices Could Show Inflationary Pressures

On Wednesday morning the markets will have to deal with yet another reading on inflation -- albeit at the wholesale level. The US Labor Department will report its reading for ...
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