A Fed interest rate increase in June? Consumer spending says, Yes; Inflation slowdown says, Maybe
Consumer spending picked up in April, signaling that growth in the economy as a whole is headed for a rebound after a weak first quarter. Purchases increased by 0.4% in April, matching projections from economists surveyed by Bloomberg, after a 0.3% gain in March. On the other hand, the Fed’s preferred inflation measure, the PCE, rose just 0.2% in April from March and is now up only 1.7% year over year. That’s below the 2% inflation target set by the U.S. central bank
Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
CPI inflation rebounds from March dip
The headline Consumer Price Index measure of inflation rose 0.2% in April, according to the Bureau of Labor Statistics. That matches projections of a 0.2% increase from economists surveyed by Briefing.com. Core inflation, that is excluding volatile food and energy prices rose by 0.1%. Economists had expected an increase of 0.2%.
Saturday Night Quarterback (special Monday “I didn’t get eaten by bears” edition) says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
Weak inflation data would have surprised U.S.markets if they had been open
U.S. financial markets are closed today for Good Friday so we don’t have any market reaction to this morning’s surprising inflation data. My best estimate, though, is that on Monday markets will assume that the data argues for a slower than expected schedule for higher interest rtes.
Financial markets take-away from today’s Fed minutes: Shrinking the balance sheet on tap in 2017
What the financial markets fastened on in the minutes from the Federal Reserve’s March minutes, released this afternoon, was a indication that the Fed would start to shrink its $4.5 trillion balance sheet of Treasuries and mortgage-backed securities later in 2017.
No sign U.S. economic growth accelerating in today’s income report
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
Winners from the Fed’s move on Wednesday
The jump in the price of gold and the even huger spike in the prices of gold mining stocks tells us something really important about how the financial markets see the Federal Reserve’s action and rhetoric on Wednesday, March 15. Gold for April delivery climbed 2% in New York after the Fed raised its short-term benchmark interest rate by 25 basis points. The VanEck Vector Gold Miners ETF (GDX) roared ahead 7.69%
Fed raises interest rates a quarter of a percentage point and Yellen then talks markets in off the ledge
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
Waiting–still–for the bond market bear: How to tell when it’s at the door
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Jim’s Stock Alerts
Download Jim’s eBook for Free
