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A big increase in the CPI would have emphasized ongoing inflation risks: a tight labor market, high energy prices, and the initial imposition of import tariffs. However, today’s report showed consumer prices edged only 0.1 percent higher overall in June and 0.2...
It's hard to deny sentiment is building for a strong earnings season. Depending on who you ask, profits are projected to rise more than 20 percent. While the estimates vary, direction is positive because all the research shows consensus figures climbing in recent...
The June Producer Price Index (PPI) of the Bureau of Labor Statistics (BLS) was announced at 8:30am ET. Services and metals are factors in June's producer price report where all three headline indexes -- overall, less food & energy, less food & energy &...
The Labor Department's Job Openings and Labor Turnover Survey (JOLTS) tracks monthly change in job openings and offers rates on hiring and quits. The JOLTS report is expected to show a 6.700 million total in June, little changed from May's record 6.698 million. The...
The market has consistently attempted to move higher and lower, but the trend ends quickly as it either reverses the same day or the next. The S&P 500 was finally able to push away from its 50-day simple moving average and closed above some resistance in the 2,740...
Strength in consumer spending is highlighted in today's Personal Income & Outlays report, demonstrated by the PCE index, the Federal Reserve’s preferred inflation gauge, rose 0.2%, as did the core rate that strips out food and energy. The stock market reaction has...
The US Department of Commerce reported that Gross Domestic Product (GDP) price index came in at 2.2 percent which is above expectations which were fixed at 1.9 percent. The GDP core, however, remains unchanged in the third estimate at 2.6 percent. The GDP price index...
Home prices slowed during the early part of Q2 and the Case-Shiller report is the latest to confirm the softening. Case-Shiller's 20-city adjusted index managed only a 0.2 percent gain in April which was short of expectations. White House trade adviser Peter Navarro...
New home sales have been housing's central strength and unexpected weakness in today's report would raise new questions over the sector's contribution to the 2018 economy. There has been a solid upward trend for new home sales and analysts expect a slight increase in...