The report for September’s Chicago purchasing managers is a huge disappointment, and the report is sending stocks further south (DJIA -112 and S&P 500 -11). The adjusted index fell to a recessionary/contraction level of…
Philadelphia Federal Reserve President Charles Plosser created waves this week when he came out and spoke about the risks to the Federal Reserve’s credibility due to the latest round of quantitative easing. The words…
The Kansas City Federal Reserve has published its KC Fed Manufacturing Index showing that the index fell to 2.0 in the month of September. It is yet another drop in manufacturing data as the…
Another day with another lower report on manufacturing trends … The Chicago Federal Reserve has released the Chicago Fed Manufacturing Index for the month of August showing that the index fell by 1.2%. The…
This Thursday brought a slew of data on the economic front. We had durable goods, weekly jobless claims, and there was even a Q2 final revision for gross domestic product. The final revision for…
The Business Roundtable’s CEO Economic Outlook Survey for the third quarter of 2012 is out, and the word to describe the report would be cautious. The report shows that CEOs are again decreasing their…
Charles Plosser, President and Chief Executive Officer of the Federal Reserve Bank of Philadelphia is speaking to the CFA Society of Philadelphia and The Bond Club of Philadelphia today (Tuesday, September 25, 2012). While…
A survey conducted by Bank of America Merrill Lynch shows that confidence in economic growth declined sharply in its latest CFO Outlook survey for the fall of 2012. Financial executives are expressing concerns about…
The report on consumer confidence from The Conference Board is looking much better than expected for the month of September. Today’s Conference Board Consumer Confidence Index rose to 70.3 in September, after improving from 61.3…
The Chicago Fed National Activity Index came in at -0.87 in August, versus -0.12 in July. The three-month average fell to -0.47 in August, versus -0.26 in July. We did not have expectations from…
A report from Merrill Lynch shows that investors are now more worried about the “fiscal cliff” than the financial trouble of Europe: Europe is staging a comeback in investor portfolios while concerns about the…
The Index has been released and the numbers are dismal as far as the New York Federal Reserve’s manufacturing base is considered. This was September’s report, and the index fell to -10.41. Bloomberg had…
Record iPhone 5 Preorders AT&T Inc. (NYSE: T) claims the Apple Inc. (NASDAQ: AAPL) iPhone 5 set a presale order record, supporting news over the weekend that even Apple itself is sold out. The news confirms…
The most vocal opponent of QE3, Richmond Fed President Lacker, went so far as to issue a press release on the website of the Richmond Federal Reserve explaining why he opposed the monetary plan…
We had already seen some very weak data from August for industrial production and for capacity utilization this morning. Then came a report showing a huge, more current pop in consumer sentiment from the…