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Texas

Despite Lower Oil Prices, Texas Manufacturing Remains Relatively Strong

If there is one state that comes to mind that may be worrying about lower oil prices, Texas has to be at or at least close to the top of ...
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robots

Philly Fed Blows Out Estimates in November

The Philadelphia Fed released its November Business Outlook Survey on Thursday morning. The main reading in the survey, the current activity index, suggested a pickup in growth when it blew ...
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Weekly Jobless Claims Continue to Bounce Off Recovery Lows

The U.S. Department of Labor released its weekly jobless claims for the week ending on November 15. The reading came in at 291,000, against a Bloomberg consensus estimate of 284,000. ...
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Fed October FOMC Minutes: Long Live the Status Quo!

The Federal Reserve has released the minutes from the October FOMC meeting. The report took into account the increased slowdown risks from China, Europe and Japan. One takeaway is that ...
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Inflation

October PPI More Inflationary Than Expected, at Least on the Surface

The U.S. Department of Labor released the data for October’s Producer Price Index, or PPI. The inflation at the producer level for October was higher than expected, and headline inflation ...
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Draghi Talks More About Coming Quantitative Easing

Mario Draghi, President of the European Central Bank (ECB), spoke on Monday to the European Parliament's Economic and Monetary Affairs Committee. While there are many comments in the prepared notes ...
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factory

NY Fed Maintains Strong Manufacturing Trends, but Not in Employment

The November 2014 Empire State Manufacturing Survey indicated that business activity continued to expand for New York-area manufacturers. The headline strength in the general business conditions index was up a ...
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Weekly Jobless Claims Come Over the Top of Estimates

The U.S. Department of Labor released the weekly jobless claims for the past week as 290,000, against a Bloomberg consensus estimate of 280,000. The reading from the previous week was ...
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global economy

Disappointing View on Global Growth Outlook for 2015 (and Beyond)

The Conference Board Global Economic Outlook released its output growth projections for the coming years. World economic growth is currently pegged at 3.2% for 2014 and is looking to accelerate ...
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ECB and UK Maintain Low Rates, Late Word on Quantitative Easing (Updated)

With deflation in the air in Europe, some form of additional easing measures might have been hoped for. That hope has faded, and the reality is that European Central Bank ...
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ADP and TrimTabs Suggest Strong Payrolls From Labor Department

The markets are getting some solid support for the jobs market ahead of Friday's key unemployment and payrolls report. Strong jobs data has been seen on Wednesday morning from TrimTabs ...
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robots

October ISM Manufacturing Shows Stronger Trends

The Institute for Supply Management (ISM) released its Manufacturing Index for October. The reading of 59.0 compared to the Bloomberg consensus of 56.0. This was up from the reading of ...
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A Rising Interest Rate Scenario That Might Be Good for Banks

A rising interest rate environment is supposed to bad for banks. It turns out that not all rising rate environments are created equal, and rising rates of the past may ...
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Cows

Third-Quarter GDP Growth Decelerating

The U.S. Commerce Department has released its first read on real gross domestic product (GDP) for the third quarter of 2014, showing that GDP rose at an annual rate of ...
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Map of United States

Federal Reserve Showing Better Economic Picture at National Level

The Chicago Federal Reserve's National Activity Index (CFNAI) rose to +0.47 in September from –0.25 in August. Three of the four economic categories made positive contributions to the index in ...
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