Little Chance (or None) Seen for Fed Rate Hike
This week's Federal Open Market Committee meeting is likely to produce no hike for the federal funds rate.
Economy
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Durable Goods Look Unenthusiastic for March
The durable goods measurement of new orders rose less than expected for the month of March on a headline basis.
Consumer Confidence Chasing Consumer Sentiment Lower
The Conference Board Consumer Confidence Index declined moderately in April, after seeing an increase in March.
Philadelphia Fed Shows Nonmanufacturing Stays Stronger Than Manufacturing
The pace of activity in the region’s nonmanufacturing sectors remained positive in April, according to the Philly Fed's Nonmanufacturing Business Outlook Survey.
Saudi Vision 2030, or Saudi Folly?
Saudi Arabia has just released a 12,000-word, 15-year plan for supposedly revamping its economy called "Saudi Vision 2030."
FOMC Meeting Unlikely to Deliver Interest Rate Hike
The Federal Open Market Committee (FOMC) opens its April meeting on Tuesday and on Wednesday will announce its decision on the policy interest rate.
Dallas Fed Shows Mixed to Positive Manufacturing Trends
For the second month in a row, overall Texas factory activity increased in the Texas Manufacturing Outlook Survey.
Global Temperature Hits 11th Straight Month of Record Highs
Global warming is at extremely high levels, compared to temperatures from the past. This is a sign that the planet's atmosphere gets hotter by the year,
Leading Indicators Ticked Higher in March
March's leading indicators rose less than expected but followed two months of decline.
Philadelphia Fed Outlook Unexpectedly Heads Back Into the Red
The Federal Reserve Bank of Philadelphia has released its Philadelphia Fed Business Outlook Survey, a live reading for the month of April.
Weekly Jobless Claims Hit Lowest Level Back to 1973
The U.S. Department of Labor has delivered another round of weekly jobless claims, and the numbers were much better than expected.
Chicago Fed National Activity Index Ticks Lower in March
The Chicago Fed National Activity Index ticked down to a reading of –0.44 in March from a –0.38 reading in February.
More Than Half of Americans Planning Summer Road Trips
Road trips are back on the agenda, according to AAA. Some 55% of Americans are planning a road trip this summer to take advantage of the low gasoline prices.
Stifel Analysts Comment on Saudi Arabia, Brexit, Oil
The sharp drop in crude oil prices that occurred in early trading Monday had been pared back to less than 1% by the noon hour.
Can the US Treasury Market Absorb a $750 Billion Saudi Arabian Fire Sale?
Saudi Arabia has threatened to dump its U.S. Treasury holdings if a bill stripping the Saudi Arabian government of its immunity against private lawsuits relating to the 9/11 attacks were to pass.