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The Institute for Supply Management’s nonmanufacturing index rose to 57.4% in June from 56.9% in May, topping the economist consensus for a reading of 56.5%.
READ MOREThe Federal Reserve could trigger a long-awaited move to reduce its massive $4.5 trillion in debt holdings by September, a summary of the central bank’s last meeting suggest.
READ MORENationally, prices rose 6.6% compared to a year ago, according to a home price index released Wednesday from data provider Core Logic. Prices rose 1.2% from April to May, the company also said. While that’s helping current owners, “for renters and potential first-time home buyers, it is not such a pretty picture
READ MORENationally, prices rose 6.6% compared to a year ago, according to a home price index released Wednesday from data provider CoreLogic. Prices rose 1.2% from April to May, the company also said. While that’s helping current owners, “for renters and potential first-time homebuyers, it is not such a pretty picture.
READ MOREThe Federal Reserve could trigger a long-awaited move to reduce its massive $4.5 trillion in debt holdings by September, a summary of the central bank’s last meeting suggest.
READ MOREJune ISM Manufacturing 57.8 vs. estimates of 55.2. Treasury yields ticked lower, but market activity was muted overall, as the July 4th weekend left trading desks lightly staffed. The Securities Industry and Financial Markets Association recommends bond markets to close early at 2 PM Eastern on Monday.
READ MOREJune ISM Manufacturing 57.8 vs. estimates of 55.2. Treasury yields ticked lower, but market activity was muted overall, as the July 4th weekend left trading desks lightly staffed. The Securities Industry and Financial Markets Association recommends bond markets to close early at 2 PM Eastern on Monday.
READ MOREAmericans barely increased spending in May and choose to save more money instead even as decelerating inflation gave them more bang for the buck. Consumer spending rose 0.1% last month after back-to-back 0.4% gains in April and March, the Commerce Department reported Friday. That matched the Market watch forecast of economists.
READ MOREThe meager increase in spending took place against a backdrop of slowing inflation. The PCE index, the Federal Reserve’s preferred inflation gauge, fell 0.1% to mark the second decline in three months. What’s more, the 12-month rate of inflation tapered off to 1.4% in May from 1.7% in the prior month and a five-year high
READ MOREThe Chicago Purchasing Managers Index was at 65.7 in the month, blowing past economists’ estimates. Economists polled had expected a reading of 58.0, down from the 59.4 reading reported a month earlier. A reading above 50.0 indicates expansion in the economy.
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