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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
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Durable-goods orders climbed 1.7% last month, the government said Wednesday. Economists polled had forecast a 1% gain. The increase stemmed mainly from a big batch of orders for commercial aircraft. Bookings surged 45%. Demand was higher for most other manufactured goods, but orders grew at a smaller pace. Orders minus transportation edged up 0.2%. A
READ MOREAmerican consumers feel a bit less confident this month, their spirits pulled down by Hurricanes Harvey and Irma. The Conference Board says its consumer confidence index fell to 119.8 in September from 120.4 in August. Conference Board economist Lynn Franco says that confidence “decreased considerably” in hurricane-hit Florida and Texas.
READ MOREAugust New Home Sales 560K vs. estimates of 588K
READ MORENew York Fed President William Dudley, among the first U.S. central bankers to speak publicly since their decision last week to hold rates steady for now, cited the soft dollar and strong overseas growth among the reasons he expects slightly above-average U.S. economic activity and a long-sought rise in wages. “With a firmer import price
READ MOREA broad measure of U.S. economy posted another large increase in August, the latest in a string of strong readings that point to faster growth in the months ahead. The leading economic index jumped 0.4% last month to cap off a summer of high readings, the Conference Board said Thursday.
READ MOREThe yield on the benchmark 10-year Treasury notes, which moves inversely to price, was lower at around 2.2694 percent, while the yield on the 30-year Treasury bond was also lower at 2.8097 percent. As widely expected, the U.S. central bank said Wednesday it would begin trimming its massive holding of U.S. Treasurys and mortgage-backed securities
READ MOREThe U.S. Federal Reserve left interest rates unchanged on Wednesday, but signaled it still expects one more increase by the end of the year despite recent weak inflation readings.
READ MOREIt will come as no surprise if the Federal Reserve has an announcement to make when its latest policy meeting ends Wednesday: That it’s ready to begin paring its enormous $4.5 trillion portfolio containing Treasurys and mortgage bonds. The Fed expanded its bond holdings — the major assets on its balance sheet — in the
READ MOREU.S. central bank is poised to begin a two-day meeting. The Fed could announce plans to begin unwinding its $4.2 trillion portfolio of Treasurys and mortgage-backed securities.
READ MOREInitial Weekly Jobless Claims 284,000 vs. estimates of 300,000. Continuing Jobless Claims 1.944M vs. estimates of 1.985M.
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