24/7 Wall St. Wire


Weekly Jobless Claims Little Changed

The U.S. Department of Labor released the numbers for weekly jobless claims Thursday morning. The figure remains virtually unchanged, totaling 298,000. That was only 1,000 less than the previous reading ...
Read Full Story »

Consumer Confidence Strength Driven by Today Rather Than Tomorrow

The Conference Board has released its reading on Consumer confidence for the month of August. This is much broader than the recent consumer sentiment reading. Tuesday's headline reading "Improves Again" ...
Read Full Story »

Durable Goods Gain of 22.6% Only Huge in the Headline

Durable goods orders for July were reported Tuesday morning. Regardless of the headlines, this is one of the most volatile readings from month to month. The July reading for durable goods ...
Read Full Story »

Chicago Fed National Activity Index Improves Further

The Chicago Fed National Activity Index (CFNAI) rose to +0.39 in the month of July, and the reading from June was revised to +0.21 from a preliminary +0.12. On top ...
Read Full Story »
Federal Reserve

Yellen’s Rate Hike Meatball: Other Fed Presidents vs. Fed Funds Futures

Sometimes the markets just can't trust what Federal Reserve and central bank officials say individually. That is the verdict after this week's annual retreat in Jackson Hole, Wyo. Janet Yellen ...
Read Full Story »

Philly Fed Manufacturing on Fire: DJIA Holds Above 17,000

The Federal Reserve Bank of Philadelphia has released its August Business Outlook Survey, and the report was a hot one that likely will increase expectations on other Fed readings for ...
Read Full Story »

Leading Economic Indicators Show Continued Growth

The Conference Board reported that the Leading Economic Index had increased 0.9% in July to 103.3, following an increase of 0.6% increase in June, and following a 0.6% gain in ...
Read Full Story »

Weekly Jobless Claims Continue With Strength

The U.S. Department of Labor has released its reading on weekly jobless claims. People who applied for jobless benefits decreased by 14,000 to 298,000. This was a decline from the previous level ...
Read Full Story »

Fed Minutes Show Sooner Timeline for Rate Hikes, Maybe, If …

The Federal Reserve has released the minutes of its July 29 to 30 FOMC meeting. While it has been broadly expected that the Fed will keep rates on hold, there is one ...
Read Full Story »

CPI Shows Tame Inflation in July

The U.S. Labor Department gave us the formal inflation reading for the month of July on Tuesday morning. The good news is that inflation concerns have abated. July’s Consumer Price ...
Read Full Story »

Consumer Sentiment Looking Soft in August

The Reuters/University of Michigan consumer sentiment index was released on Friday morning. Consumer sentiment for mid-August was reported at 79.2. The Bloomberg economists estimate was much higher at 82.3, and the range of ...
Read Full Story »

Capacity Utilization Hits Highs Not Seen Since 2008

The dual report on industrial production and capacity utilization for the month of July was released on Friday. While these were basically inline with estimates, there are some points worth ...
Read Full Story »

Empire Manufacturing Rises Much Slower Than Expected

The New York Federal Reserve released the Empire State Manufacturing survey on Friday. The survey showed that business conditions continued to improve for New York district manufacturers, but the gains were ...
Read Full Story »
Stock Split Image

PPI Shows Taming Wholesale Inflation

The U.S. Labor Department Friday morning released the Producer Price Index (PPI) for July, which effectively measures wholesale inflation. As a reminder, this is PPI reading now measures final demand. ...
Read Full Story »
170428950 (1)

Hedge Funds Underperforming, Yet Still Growing in New Assets

Hedge funds remain somewhat of a mystery to much of the public. They are supposed to have absolute returns, but they do not always outperform their benchmarks. A new report ...
Read Full Story »