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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
Waiting too long to raise interest rates would be “unwise” as economic growth continues and inflation rises, Fed Chair Janet Yellen told Congress on Tuesday. Repeating caution that she and other central bank officials have issued in recent months, Yellen said that even though the Fed expects to hike gradually and to keep policy accommodative,
READ MOREThe Empire State index of manufacturing conditions in the New York area jumped to its highest level in more than two years in February, the New York Fed said Wednesday. The index rose to 18.7 in February from 6.5 in January. That’s well above economists forecasts of a reading of 7.5. Any reading above zero
READ MOREThe U.S. economy is showing promising signs in the job market, inflation numbers and stock markets, all factors that could support a March rate hike by the Fed. At present we are at less than a 30% chance for a Fed move.
READ MOREThe number of Americans who applied for unemployment benefits fell by 2,000 to 241,000 in mid-March, as layoffs remained near the lowest level in decades. Economists polled by MarketWatch has expected initial jobless claims to total 240,000 in the seven days stretching from March 5 to March 11.
READ MOREMost U.S. retailers posted strong sales in January, even beleaguered department stores, perhaps a sign that higher consumer confidence since the election has encouraged Americans to spend more. Retail sales rose 0.4% last month following a much bigger gain in December than originally reported, the government said Wednesday.
READ MOREThe prices Americans pay for goods and services surged in January by the largest amount in four years, mostly reflecting a rebound in the cost of gasoline that’s taking a bigger chunk out of household incomes. The consumer price index, or cost of living, rose by a seasonally adjusted 0.6% in January. Economists polled had
READ MOREThe Federal Reserve Bank of Philadelphia’s monthly index on regional manufacturers fell to 32.8 in March from 43.3 in February, which was the highest reading in 33 years, according to data released Thursday. Economists polled by MarketWatch had expected the Philly Fed gauge to pull back to 30 in March
READ MOREJanuary Industrial Production -0.3% vs. estimates of 0.1%. Capacity Utilization 75.3% vs. estimates of 75.6%. This is weaker data than expected, but not a major market mover.
READ MOREConstruction on new houses climbed 3% in February to the second highest level since 2007, reflecting pentup demand in a steadily growing economy that builders are aiming to address. The pace of so-called housing starts rose to an annual rate of 1.29 million last month, with construction on single-family homes hitting the highest level since
READ MOREThe Bank of England on Thursday left its key interest rate at a record low 0.25%, meeting widely held expectations. The vote to hold the rate steady was 8-1, with board member Kristen Forbes backing a rate increase. The central bank left unchanged the size of its asset purchase program at £435 billion ($533 billion)
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