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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
The U.S. added 227,000 jobs in January, according to the Labor Department’s employment report. That was substantially more than the 175,000 new jobs that economists were expecting. The unemployment rate was 4.8%, a tick higher than last month’s 4.7% and a little higher than expectations. The labor force participation rate rose slightly 62.9%. The big
READ MOREPresident Trump plans to order a rollback Friday of regulations governing the financial services industry and Wall Street under the Dodd-Frank law and beyond, a White House source confirmed. Gary Cohn, White House Economic Council director, told the Wall Street Journal in an interview published last night that the administration would also move against a
READ MOREJanuary ISM Non-Manufacturing PMI 56.5 vs. estimate of 57.0. December Factory Orders 1.3% vs. estimates of 1.0%. A slight miss in the ISM but a reading above 56 for 2/3 of our economy is very strong, a slight negative for pricing.
READ MOREThe number of Americans who applied for unemployment benefits in early February fell by 12,000 to 234,000, hitting the second lowest level of an economic recovery that began nearly eight years ago. The last time the U.S. Had such a low level of layoffs was in 1973.
READ MOREThe cost of imported goods surged in January for the third time in four months, mostly because of rising oil prices that are nudging U.S. inflation higher. Import prices rose 0.4% last month after a revised 0.5% gain in December, the government. Over the past 12 months import prices have advanced 3.7%.
READ MOREUniversity of Michigan’s Consumser Sentiment Index 95.7 vs. estimates of 98.5. This is weaker than expected, but generally not a big factor in pricing of interest rates.
READ MOREJanuary Producer Price Index (PPI) on a MOM basis 0.6% vs. estimates of 0.3%. PPI YOY 1.6% vs. estimates of 1.5%. Core PPI MOM 0.4% vs. estimates of 0.2%. Core PPI YOY 1.2% vs. estimates of 1.1%. The MOM readings are double the market expectations, which is generally negative for interest rate pricing.
READ MOREWaiting 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.
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