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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
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BOE Holds Interest Rates Unchanged in 7-2 Vote. The Bank of England ramped up its hawkish rhetoric Thursday, warning that an interest-rate hike could happen within months if the economy performs as officials expect.
READ MOREAugust Producer Price Index MOM 0.2% vs. estimates of 0.3% with Core PPI MOM 0.1% vs. estimates of 0.2%. The PPI YOY 2.4% vs. estimates of 2.5% with Core PPI YOY 2.0% vs. estimates of 2.1%. This is a smidge lighter than expectations, but Core YOY did move up from July’s reading of 1.8% to August’s reading of
READ MOREAs the number of complaints continue to rise after credit reporting agency Equifax’s massive hack last week, the scale and scope of the breach is troubling cyber security experts who warn nearly every adult in the United States could have been affected.
READ MOREThe government on Thursday said productivity increased at a 1.5% annual pace in the spring, up from an initial 0.9% estimate. Productivity rises when workers supply more goods and services in the same amount of time. The upward revision stemmed entirely from workers producing more goods and services. Output was revised up to show a
READ MOREThe Institute for Supply Management said its non-manufacturing index rose to 55.3% last month from 53.9% in July, which was the lowest reading in the past year. A similar ISM survey of manufacturing firms also showed the fastest growth in six years.
READ MOREThe Labor Department on Wednesday said its preliminary benchmark revision anticipates a 95,000-job, or 0.1%, increase to March 2017 employment. The final benchmark revision will be issued in February. Each year, the employment estimates are benchmarked to comprehensive counts of employment for the month of March, drawing on state unemployment-insurance tax records.
READ MOREThe trade deficit rose slightly in July, keeping the U.S. on track to post a larger gap in 2017 than in 2016. The deficit edged up to $43.7 billion in July from $43.5 billion in June, the Commerce Department said Wednesday. Economists polled had forecast a $44.8 billion gap.
READ MOREConsumer sentiment pulled back to a final August reading of 96.8 in August from a high preliminary reading of 97.6, according to reports on the University of Michigan gauge released Friday.
READ MOREManufacturing activity was the strongest in six years in August, according to a survey of purchasing managers released Friday. The Institute for Supply Management said its manufacturing index in August climbed to 58.8% from 56.3% in July. That is the highest reading since April 2011. Economists polled by MarketWatch expected a reading of 56.8%. Any
READ MOREThe Federal Reserve has been watching the Jobs numbers closely. The Fed has indicated plans to raise its benchmark interest rate target another quarter-point this year, but could be held back due to weak inflation. Specifically, policymakers have been looking for signs of accelerated wage growth, which has been stuck around 2.5 percent for most
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