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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
Q2 GDP revised up from initial estimate of 2.6% on stronger consumer spending This is the fastest quarterly growth rate in more than two years. Somewhat stronger consumer spending and business investment were behind the upward revision.
READ MOREPrivate payrolls for August jumped at their fastest pace in five months thanks in part to strong gains in construction and manufacturing jobs, according to the latest release from ADP and Moody’s Analytics. Employers added a seasonally adjusted 237,000 jobs during the month, payroll processor ADP said. That was a big gain from the 178,000
READ MOREU.S. home price growth picked up steam in June as strong demand continued to buoy the market. The S&P/Case-Shiller 20-city index rose a seasonally adjusted 5.7% in the three-month period ending in June, compared with a year ago, the same rate of change as in May. The national index rose 5.8%, compared with a year
READ MOREAn early look at U.S. trade patterns in July points to a wider trade deficit. The advanced trade gap in goods — services are excluded — widened by 1.78% to $ 65.1 billion in July, the Commerce Department said Monday. Both exports and imports declined, but exports dropped at a faster pace in the month.
READ MOREDallas Fed President Rob Kaplan said that he supports a move to shrink the balance sheet as soon as possible. The Dallas Fed president signaled that another rate hike at the end of the year was not a given. He said the central bank could afford to be “patient” and see if inflation pressures pick
READ MOREOrders for big-ticket U.S. good fell by the largest amount in three years in July, reversing a strong gain in the prior month, according to government data released Friday. The Commerce Department reported that orders for durable goods fell 6.8% in July, led by a sharp drop in volatile aircraft. It was the biggest decline
READ MOREJuly Existing Home Sales 5.44M vs. estimates of 5.57M. Healthy level, but inventory shortages crimping stronger growth. Generally not a fact for interest rate pricing.
READ MOREKansas City Federal Reserve Bank President Esther George, along with other members of the U.S. Federal Reserve, have spoken publicly about their concerns over wages failing to rise at a faster pace given the tight labor market. Economic growth in the U.S. is averaging 2% a quarter since the Great Recession, but historical averages, according
READ MOREThe number of people who applied for U.S. unemployment-insurance benefits inched up by 2,000 to 234,000 in the week that ended Aug. 19, after hitting a six–month low in the prior week, according to Labor Department data released Thursday.
READ MOREThe service and manufacturing sectors went in different directions in August, according to data released Wednesday. The IHS Markit flash manufacturing purchasing managers index fell to a two-month low of 52.5 from 53.3 in July, while the services PMI rose to a 28-month high of 56.9, up from 54.7 in July. Any reading above 50
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