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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
The University of Michigan’s sentiment index slipped to 93.1 in July from 95.1 in June. The index has fallen from a 13-year high of 98.5 in January, when President Trump took office. Consumers were optimistic at the start of the Trump presidency, especially Republicans, but the early hopes about even faster U.S. growth appear to
READ MOREIndustrial production rose 0.4% in June, a touch ahead of expectations, as mining output surged 1.6%, the Federal Reserve reported. Utilities output as flat and manufacturing output edged up 0.2%.
READ MOREThe flurry of economic reports released Friday were not, on balance, that strong. But they may not be weak enough to derail the Federal Reserve’s plans for hiking interest rates and reducing its balance sheet later this year.
READ MOREOn Friday, the New York Fed said its “nowcast” has been reduced to 1.9% for the second quarter, down a tick from its last report, and from as high as 2.6% in April. A similar assessment from the Atlanta Fed called GDPNow fell to 2.4% from 2.6%, and is down from 4.3% in May.
READ MORESales at retailers nationwide fell 0.2% last month to mark the second straight drop and match the biggest decline of the year. Sales also fell 0.1% in May, though fresh revisions show the decline was not as large as originally reported. The disappointing sales figures suggest the U.S. has not rebounded quite as strongly in
READ MOREThe cost Americans pay for goods and services was little-changed in June, larger reflecting lower gasoline prices but also showing that a recent surge in inflation has crested. The consumer-price index, or cost of living, was unchanged last month.
READ MOREThe number of Americans who applied for unemployment benefits fell slightly in early July, reflecting an extremely low level of layoffs that has become the norm as an economic recovery stretches into its ninth year.
READ MORERates for home loans jumped in the latest reporting week, taking the benchmark back over a key threshold for the first time since May.
READ MOREFederal Reserve Chair Janet Yellen said Wednesday, in prepared remarks to be given before Congress, the current pace of U.S. job growth is enough to expand the labor force.
READ MOREThe Bank of Canada, as expected, raised its overnight interest rate by a quarter of a percentage point to 0.75% on Wednesday. This was the first rate hike in seven years, making the Bank of Canada the first major central bank to join the Federal Reserve in raising rates. The Bank of Canada’s decision was
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