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…
The Reuter’s/University of Michigan consumer sentiment index did not just post a gain. The gain was a surge, as September’s sentiment reading managed to pop all the way up to 79.2. Dow Jones was…
The financial ministers of the euro area will meet over the next two days. There is a very wide range of topics that they might discuss. The gathering should begin with some optimism about ECB plans…
According to 2011 data released on Wednesday by the U.S. Census Bureau, 15% of individuals in the United States live below the poverty line. While down from 15.1% last year, it remains statistically unchanged…
The U.S. Labor Department has released its reading on wholesale inflation, which the investing community reviews to see where consumer inflation will be a month or two out. The Producer Price Index for the…