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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
Two gauges of manufacturing sentiment reflected continued solid activity in March, according to data released Thursday. The Philadelphia Fed manufacturing index slipped a bit to a reading of 22.3 in March from 25.8 in February. Economists had expected a a reading of 23. The Empire State Index, which had been lagging Philly, jumped to a
READ MOREFebruary Retail Sales came in lower than expected at -0.1% vs. estimates of 0.3%. Retail Sales ex-Autos 0.2% vs. estimates of 0.4%. February Headline PPI MOM 0.2% vs. estimates of 0.1%. PPI YOY 2.8% vs. estimates of 2.8% Core (ex food and energy) PPI MOM 0.2% vs. estimates of 0.2%. Core PPI YOY 2.5% vs.
READ MOREThe consumer price index rose 0.2 percent in February, in line with economists’ expectations. Inflation fears have been rattling markets, with investors concerned that accelerating price pressures could cause the Fed to raise interest rates more quickly than anticipated.
READ MOREThe economy added 313,000 jobs in February, crushing expectations, while the unemployment rate was 4.1 percent, according to a Labor Department report Friday that could help quell inflation fears. Economists surveyed had been expecting nonfarm payroll growth of 200,000 and the unemployment rate to decline one-tenth of a percent to 4 percent. A separate measure
READ MORENon-manufacturing activity was expected to decrease slightly in February. The measure jumped up in January, nearly matching the recent peak in October 2017 when the index touched the highest level since its debut in 2008.
READ MOREConsumer spending in January rose a scant 0.2% as Americans cut back after the holidays. And spending fell for the first time in a year if adjusted for inflation, the government said Thursday. Economists polled had forecast a 0.3% increase in spending. At the same time, though, incomes rose 0.4% and after-tax incomes posted the
READ MOREThe housing recovery appears to be making a U-turn as mortgage rates rise amid a critically low supply of homes for sale. Pending home sales, which measure signed contracts, not closings, fell 4.7 percent in January compared to December, according to the National Association of Realtors. The weakness was nationwide, and December’s reading was also
READ MOREAfter rising sharply for weeks, mortgage interest rates steadied last week, and homebuyers responded, the Mortgage Bankers Association says. Total mortgage application volume increased 2.7 percent, seasonally adjusted, from the previous week. The increase was driven by homebuyers, who have been sidelined significantly this year by a record low number of listings and by weakening
READ MOREThe pace of growth in the U.S. economy was trimmed to 2.5% from 2.6% in the fourth quarter, largely because of a slower buildup in inventories of unsold goods. The revised reading on GDP matched the forecast of economists surveyed. Every other key figure in the latest upate to gross domestic product was virtually unchanged.
READ MOREU.S. consumer confidence surged in February, building off its rebound from January and reaching the highest level since 2000. The Conference Board’s measure of consumer attitudes on current and future economic conditions increased to 130.80 in February, up from 124.30 in January. Feelings about short-term economic prospects, in particular, shot back up in January after
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