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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
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The Bank of England on Thursday left its key interest rate at 0.5%, meeting widely held expectations after the central bank in November raised the rate for the first time in a decade. The Monetary Policy Committee voted 9-0 to leave the rate steady. The central bank left unchanged the size of its asset purchase
READ MOREChina’s central bank followed a U.S. interest-rate increase with its own move Thursday to blunt the effect of higher U.S. rates on the Chinese economy, which cooled again in November. The People’s Bank of China on Thursday raised two key short-term interest rates. Economists say they expect the world’s second-largest economy to struggle against soaring
READ MOREThe Federal Reserve on Wednesday lifted a key U.S. interest rate and struck a wait-and-see stance that takes into account weak inflation and a change in leadership at the central bank. The central bank as expected on Wednesday raised its benchmark federal-funds rate by a quarter percentage point to between 1.25% and 1.5% — the
READ MOREThe consumer price index climbed 0.4% in November, matching the forecast. Three-quarters of the increase reflected higher gas prices. The so-called core rate of inflation that strips out food and energy rose a smaller 0.1%. The yearly rate of inflation as measured by the CPI rose to 2.2% from 2%. The more closely followed core
READ MOREThe producer price index in November surged 0.4% for the third straight month, matching the forecast. The increase was broad based. Another measure preferred by economists, known as core PPI, also rose a 0.4%. The core rate strips out food, energy and trade margins. The increase in the PPI pushed the 12-month rate of wholesale
READ MOREUofM Prelim December Consumer Confidence 96.8 vs. estimates of 99.0. A very strong reading but lighter than expected
READ MOREWholesale inventories in the U.S. fell 0.5% in October, the Commerce Department said Tuesday. Companies were not able to keep up with production owing to a combination of growing demand and supply disruptions caused by hurricanes in the prior month. Inventories are up 3.9% year over year, however. Wholesale sales jumped 0.7% in October. At
READ MOREThe jobs report will give the Federal Reserve a green light to continue to raise short-term interest rates next week, but the low wage inflation within the report may make central bankers more cautious next year, economists said. The Fed has signaled since September that it intends to raise rates in December and the market
READ MOREThe U.S. created 228,000 jobs in November in another sign the economy is running at full tilt. Economists had predicted a 200,000 increase in nonfarm jobs. The unemployment rate stayed the same at 4.1%. Wages rose 0.2%, or 5 cents, to an average of $26.55 an hour, the government said Friday. Worker pay increased 2.5%
READ MOREThe Federal Housing Administration announced Thursday that nearly every area of the U.S. will see FHA loan limits increase in 2018. Click the headline to read more about the new loan limits, which will take effect for FHA case numbers assigned on or after Jan. 1, 2018.
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