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Weekly Jobless Claims Surge Higher

The U.S. Labor Department is out with another weekly jobless claims reading. Weekly claims rose by 24,000 to 329,000 in the past week, and the prior week's reading was revised ...
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Durable Goods Prove to Be Very Durable in March

Were prior reports on durable goods kept lower due to weather? It seems so. The March durable goods report from the Department of Commerce came in at a headline reading ...
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Leading Indicators Point to Stronger Economy This Summer

The Conference Board's Leading Economic Index increased in March, its third consecutive gain. More importantly, the Conference Board suggests this hints at accelerated growth likely into the summer. That will ...
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Chicago Fed National Activity Meets Expectations, but Disappoints

The Chicago Fed National Activity Index (CFNAI) is out for the month of March, and this is often used as one of the first super-regional economic readings. It is used ...
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Smokestacks

Surge in Philly Fed Reading Contradicts Empire State Report

The Federal Reserve Bank of Philadelphia's Business Outlook Survey jumped from a reading of 9.0 in March to 16.6 in April. That was the strongest reading since last September, and ...
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Another Solid Week for Jobless Claims

The U.S. Labor Department has released its tally on weekly jobless claims, and the figure rose by 2,000 to 304,000. The prior week's reading was revised higher to 302,000 from ...
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Janet Yellen Talks Up Progress in Labor Market, Addresses Inflation

Federal Reserve Chair Janet Yellen spoke at the Economic Club of New York on Wednesday, April 16, regarding monetary policy and the economic recovery. The initial reaction was that the ...
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Federal Reserve

Janet Yellen Talks Up Even More Bank Capital Requirements

Janet Yellen is still getting her feet wet as chairman of the Federal Reserve. A speech on Tuesday morning may only act to create more confusion from the banks. At ...
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Inflation

Consumer Inflation Ticks Higher in March

The Consumer Price Index (CPI) in the month of March did not follow the exact same gains as last week's Producer Price Index. That generally takes two months or even ...
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Inflation Finally Arrives — at Least at the Wholesale Level

If the Federal Reserve ever wanted to see some inflation -- as they keep claiming (careful what you wish for) -- the Labor Department just gave a first piece of ...
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Treasury Deficit at Decade Low in March

The U.S. Treasury may have had a successful 30-year Treasury Bond auction, but the Treasury budget deficit is alive and well. That means more deficits ahead. The Treasury's budget deficit ...
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An Almost Stellar 30-Year Treasury Auction

The U.S. Treasury has just sold its 3.625% 30-year Treasury bonds, or the so-called long bond, at a yield of 3.525%. The recent unsettling of the stock market recovery might ...
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Great Jobless Claims Reading Largely Ignored

The Labor Department showed that weekly claims were down by a whopping 32,000 to 300,000 in the week ending April 5. Bloomberg had the estimate at 318,000, and the report ...
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Chicago

Chicago Fed Evans – Fed Still Missing Employment and Inflation Targets

Charles Evans, President and CEO of the Federal Reserve Bank of Chicago, was speaking on Wednesday afternoon regarding the Fed's monetary goals and strategy. Evans has been a known backer ...
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US Federal Reserve

FOMC Minutes Less Hawkish Than Yellen Comments

The Federal Reserve has released its minutes of the FOMC's March 18 to 19 meeting. These comments should, in theory, not really move the market when you consider that the ...
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