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
The Federal Reserve took a step toward reducing its $4.5 trillion balance sheet, as the Federal Open Market Committee statement said its previously announced drawdown program would begin “relatively soon” instead of simply “this year.” In a unanimous decision, the Fed as expected held its targeted federal funds rate range between 1% and 1.25%. The
READ MORESales of newly-constructed homes remained steady in June even as the market remains starved for inventory. New-home sales were at a seasonally adjusted annual rate of 610,000, the Commerce Department said Wednesday. That was 0.8% above May’s 605,000 rate, after a slight downward revision. June’s tally was 9.1% higher than a year ago.
READ MOREThe S&P CoreLogic Case-Shiller home price index maintained a 5.6 percent annual gain in May, even as a key composite declined. The index which covers home prices in 20 cities across the U.S. was up 5.7 percent in May, a decline from April and 0.1 percent below expectation.
READ MORETreasury yields across the curve continued to rise on Tuesday following two straight weeks of declines as traders sold government paper ahead of the Federal Reserve’s policy meeting on Wednesday, which could set the market up for the looming normalization of the central bank’s balance sheet. The 10-year benchmark yield added 3.6 basis points to
READ MOREThe Institute for Supply Management’s gauge of factory activity rose to 54.7 in December from 53.2 in November. Economists expected an increase to 53.6 for the month. Readings above 50 point to expansion, while those below indicate contraction.
READ MOREThe payroll processing firm ADP says 153,000 people were added to private sector payrolls in December. The estimate was for 170,000. November payrolls were revised lower by 1,000 to 215,000.
READ MOREWeekly jobless claims fell by 28,000 to 235,000 last week. That came in lower than the 260,000 estimate. The prior week was revised lower by 2,000 to 263,000
READ MOREThe Institute for Supply Management’s gauge of service-sector growth was unchanged from November at 57.2. It still topped the expectation for a reading of 56.6. Readings above 50 indicate expansion, while those below point to contraction.
READ MOREThe Labor Department reports the U.S. economy added 156,000 jobs in December, below expectations for 178,000 jobs. The unemployment rate rose to 4.7%. Meanwhile, the labor force participation rate rose a tick to 62.7%. November Non Farm Payrolls revised from 178,000 to 204,000. October Non Farm Payrolls revised from 142,000 to 135,000.
READ MOREThe November Trade Deficit widened to $45.2 billion. Economists were looking for the deficit to decline to $42.5 billion. October’s deficit was revised lower to $42.4 billion.
READ MORE
