Doesn’t look like the consumer will ride to the economy’s rescue in the second half
Financial markets didn’t need this morning’s bad news from the consumer sector. Personal income rose by 0.1% in June—below the 0.2% increase in May and the slowest rate of growth since November—and personal spending fell by 0.2% after a 0.1% increase in May.
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...Some economic recovery: The U.S. adds just 18,000 jobs in June
Today numbers from the Bureau of Labor Statistics showed nonfarm payrolls adding only 18,000 jobs in June. That was below even the horrible numbers for May—25,000 jobs added, revised down from 54,000. And it was significantly below the 80,000 jobs expected by economists.
Manufacturing survey argues that U.S. economic slump was indeed only temporary
The ISM Manufacturing Index rose to 55.3 in June from 53.5 in May. Economists were looking for the index to fall to 51.1. That reading would have been dangerously close to the 50 mark that separates an expanding sector from a shrinking sector.
Three cheers for boring Ben Bernanke–the Fed chairman says nothing to upset the markets
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...As expected the Fed doesn’t say anything unexpected–so far
Not unexpectedly the U.S. stock market is on hold waiting for Federal Reserve Chairman Ben Bernanke to speak shortly after 2 p.m. today. The update in the Fed’s written statement after the meeting wasn’t much of a change from April. Certainly not if you note that this is the first statement from the Fed in roughly two months and that the Fed’s big program of quantitative easing is set to end this month.
It could have been worse–but initial claims and housing starts data still point to weak U.S. growth
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U.S. economic data better than it looks at first glance
The Consumer Price Index climbed by 0.2% in May from April. Economists had projected a 0.1% increase. The core inflation index climbed 0.3% from April. Industrial production climbed 0.1% in May from April.
China data produced a big rally today so what will tomorrow’s inflation and production numbers from U.S. do for/to stocks?
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...Politics in Europe, the U.S., and China make 2011 safer than it looks for the global economy–but watch out for 2013
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...Data on growth and inflation from China (June 14) and U.S. (June 15) likely to freeze markets
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