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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
The Philadelphia Fed said its manufacturing index soared in February to a reading of 43.3 from 23.6 in January. That’s the highest level since early 1984.
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 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 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 MOREDecember Business Inventories 0.4% vs. estimates of 0.4%, while the NAHB Home Builder’s Sentiment Index 65 vs. estimates of 67. All eyes on Janet Yellen and these will not be a large factor for today pricing.
READ MOREFederal Reserve Chair Janet Yellen is back in the hot seat, giving her semiannual monetary policy report to Congress and taking questions from members.
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,
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