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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
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August New Home Sales 560K vs. estimates of 588K
READ MORENew York Fed President William Dudley, among the first U.S. central bankers to speak publicly since their decision last week to hold rates steady for now, cited the soft dollar and strong overseas growth among the reasons he expects slightly above-average U.S. economic activity and a long-sought rise in wages. “With a firmer import price
READ MOREA broad measure of U.S. economy posted another large increase in August, the latest in a string of strong readings that point to faster growth in the months ahead. The leading economic index jumped 0.4% last month to cap off a summer of high readings, the Conference Board said Thursday.
READ MOREIn a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending September 16 decreased by 23,000 to a seasonally adjusted 259,000 from the previous week’s revised total of 282,000 (initially 284,000).
READ MOREThe yield on the benchmark 10-year Treasury notes, which moves inversely to price, was lower at around 2.2694 percent, while the yield on the 30-year Treasury bond was also lower at 2.8097 percent. As widely expected, the U.S. central bank said Wednesday it would begin trimming its massive holding of U.S. Treasurys and mortgage-backed securities
READ MOREThe U.S. Federal Reserve left interest rates unchanged on Wednesday, but signaled it still expects one more increase by the end of the year despite recent weak inflation readings.
READ MOREU.S. central bank is poised to begin a two-day meeting. The Fed could announce plans to begin unwinding its $4.2 trillion portfolio of Treasurys and mortgage-backed securities.
READ MOREU.S. housing starts totaled 1.18 million in July, slightly above the expected 1.175 million. Meanwhile, U.S. import prices posted their biggest gain in seven months.
READ MOREInitial Weekly Jobless Claims 284,000 vs. estimates of 300,000. Continuing Jobless Claims 1.944M vs. estimates of 1.985M.
READ MOREAugust Headline CPI YOY 1.9% vs. estimates of 1.8% Core CPI YOY 1.7% vs. estimates of 1.6%. CPI MOM 0.4% vs. estimates of 0.3%. Core CPI 0.2% vs estimates of 0.2%. Inflation is a little higher than expected and a frogs-hair away from 2.0%, which is a slight negative for pricing.
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