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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
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Treasury prices gained some ground on Wednesday after U.K. Prime Minister Theresa May began the Article 50 process, which formally begins the process of taking the country out of the European Union. The yield on the 10-year Treasury note slipped 2.6 basis points to 2.398%. The yield on the 30-year Treasury bond fell 2.3 basis
READ MOREFederal Reserve officials, including Chicago Fed President Charles Evans and his Boston counterpart, Eric Rosengren are scheduled to speak at separate events and may comment on the central bank’s interest rate outlook. Wall Street stock futures pointed to a slightly lower open on Thursday as investors continued to be on watch for more signals on
READ MOREThe U.S. economy expanded at a modest-to-moderate pace between mid-February and the end of March, but inflation pressures remained in check despite more difficulties in attracting and retaining workers. There is still debate within the Fed about just how rapid and sustained the pickup in inflation will be given that it has struggled to reach
READ MOREThe number of Americans who applied for unemployment benefits in late March dropped by 3,000 to 258,000, keeping new claims near the lowest level in decades. Economists polled had expected initial jobless claims to total 247,000 in the seven days stretching from March 19 to March 25.
READ MOREThe rate of inflation in consumer goods and services topped 2% in February for the first time since 2012, a trend that could lead to higher borrowing costs for households and businesses unless it abates soon.
READ MOREThe manufacturing index from the Philadelphia Fed slid in April, but from high levels, suggesting slower growth in the factory sector after a post-election surge. The index fell to 22.0 from 32.8. It had hit a 33-year high of 43.3 in February and has receded every month since then. In a diffusion index, any reading
READ MOREWeak growth in the U.S. economy in the first quarter will likely be temporary and interest-rate hikes should be able to proceed as planned, Federal Reserve Vice Chairman Stanley Fischer said Friday. “Our tendency is to think this [weakness in the first quarter] is a transitory change and that growth will be around forecasts in
READ MOREConsumer confidence in the U.S. dipped slightly in April, but Americans are still far more optimistic than they were before the 2016 election, a survey shows. The Conference Board said its consumer confidence index slipped to 120.3 last month from a 16-year-high of 124.9 in March. Americans were a bit less rosy about the current
READ MOREConsumer spending showed a scant 0.1% increase last month. Economists had forecast a 0.2% gain in spending. Americans spent more on services such as travel but less on new cars and utilities during the second warmest February in 123 years. The slowdown in spending for the second straight month took place despite another healthy 0.4%
READ MORESales of newly-constructed homes throttled to the highest in nearly a year in March as the housing recovery picked up steam. New-home sales ran at a seasonally-adjusted annual rate of 621,000, the Commerce Department said Tuesday. That was 5.8% higher than a downwardly-adjusted February sales pace, and 15.6% higher than a year ago.
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