Listen Live
Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
Listen Live
Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
Orders for big-ticket U.S. good fell by the largest amount in three years in July, reversing a strong gain in the prior month, according to government data released Friday. The Commerce Department reported that orders for durable goods fell 6.8% in July, led by a sharp drop in volatile aircraft. It was the biggest decline
READ MOREJuly Existing Home Sales 5.44M vs. estimates of 5.57M. Healthy level, but inventory shortages crimping stronger growth. Generally not a fact for interest rate pricing.
READ MOREThe consumer sentiment index rose to 97.6 in August, in a survey of consumers by The University of Michigan. U.S. consumer sentiment was expected to reach 94, according economists surveyed by Reuters. The index, which measures the confidence in future economic prospects, hit 93.1 in July.
READ MOREThe Home Affordable Refinance Program will now expire on December 31, 2018 after an extension was granted. The Federal Housing Finance Agency has extending its Home Affordable Refinance Program (HARP) for another year. Fannie Mae and Freddie Mac have already refinanced 3.4 million homeowners through the program. It is believed that an additional 143,000 GSE
READ MOREThe factory activity survey from the Philadelphia Federal Reserve fell to 18.9 from 19.5, the regional bank said. Economists had expected a steeper decline, to 17.0. But the report’s details were stronger than the headline. The new orders gauge surged to 20.4 from 2.1, signalling stronger growth in the future, and the measure of shipments
READ MOREThe number of Americans who sought unemployment benefits in mid-August fell to the lowest level in six months, mirroring the strongest U.S. labor market in almost two decades. Initial jobless claims in the period running from Aug. 6 to Aug. 12 declined by 12,000 to 232,000, the Labor Department said Thursday. That’s the lowest level
READ MOREThe Federal Reserve engaged in an intense debate in July about the path of U.S. inflation after a spate of surprisingly low readings, raising questions about whether the central bank will raise interest rates again this year. The Fed’s policy-setting group appeared more unified on a plan to announce in September a long-awaited drawdown of
READ MOREMost senior Federal Reserve officials wanted to wait until an “upcoming” meeting to unveil a long-awaited selloff of the central bank’s $4.5 trillion in bond holdings, hinting at an announcement in September, according to minutes of the Fed’s meeting in July. The Fed also engaged in a deep debate over surprisingly low inflation readings, with
READ MORESales at retailers nationwide jumped 0.6% last month, the government said Tuesday. Economists polled by MarketWatch had forecast a 0.4% increase. A mysterious decline in spending at the end of the second quarter, meanwhile, vanished after fresh government revisions based on newly incorporated sales data. Retail sales actually rose 0.3% in June instead of falling
READ MOREThe New York Fed’s Empire State manufacturing index surged 15 points to 25.2, its highest in nearly three years. Economists had forecast an unchanged reading, to 9.8, on a scale in which any reading over zero indicates improvement in business conditions. The index’s sub-gauges were also strong. The shipments gauge rose 1.9 points to 12.4,
READ MORE
