ThinkstockWith all the quantitative easing in the United States, Europe, Japan, China and elsewhere, you would think that trajectory for the global recovery and global growth is well on track. It turns out that…
Richmond Fed President Jeffrey Lacker was a continuous voice of dissent on quantitative easing for quite some time. So, it should be no surprise that he is calling for rate hikes from the Federal…
ThinkstockWe have already seen a slightly lower reading on weekly jobless claims on Thursday, but the more important report is on personal income and spending. The U.S. Commerce Department reported that personal income rose…
ThinkstockThe U.S. Labor Department has issued its weekly jobless claims, and we saw another drop in claims. Unfortunately, that decline was only by 2,000, down to 312,000. The prior week was also revised from…
ThinkstockPeople who live in Scandinavian countries are highly satisfied with the quality of their water. People who live in Africa are not. These are among the conclusions of a study by Gallup. Gallup’s conclusions…
ThinkstockTwo economic readings will be the talk of the market on Wednesday. The first is a very poor turnout of first quarter gross domestic product (GDP) revision. The second is a durable goods report…
ThinkstockThe Federal Reserve Bank of Richmond manufacturing index showed an unexpected drop in the month of June, falling to a reading of 3 from 7 in May. Bloomberg’s consensus estimate had the index remaining static…
ThinkstockThe Conference Board has released its Consumer Confidence Index for June, and the numbers are looking good. Confidence continues to improve, rising to 85.2 in June from 82.2 in May. The Bloomberg consensus was…
ThinkstockFor years the inflation monster has been the genie in the bottle or in Pandora’s box. It was something we were warned about, but told not to be concerned over. Food and energy prices…
ThinkstockThe Chicago Fed National Activity Index (CFNAI) rose in the month of May to 0.21. This is a monthly index measuring overall economic activity and related inflationary pressure. April’s CFNAI was revised to -0.15…
ThinkstockFueled by the shale oil boom, almost everyone in North Dakota has a job. According to the Bureau of Labor Statistics, the unemployment rate in state during May was 2.6%. Several other states have…
When it comes to secondary market ticket for baseball, not every team plays up to their price. Yesterday, we took a look at which National League teams were worth the price of admission, and…
ThinkstockThursday was a busy morning for economic reports, but we would caution that these reports are on the heels of the Federal Reserve’s FOMC meeting results on Wednesday. The Philadelphia Federal Reserve Survey, or…
ThinkstockThe U.S. Department of Labor is out with its weekly jobless claims report from last week, showing a positive trend. Jobless claims fell to 312,000 in the past week. Bloomberg was calling for a consensus…
ThinkstockThe Federal Reserve and Janet Yellen have released their rate and monetary policy for the June 18 FOMC announcement. While inflation was seen ticking up in the CPI report this week, the reality is…