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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
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The cost of goods and services for American consumers fell in March for the first time in more than a year, reflecting a decline in gasoline prices that’s put a halt for now to rising inflation. The consumer price index, or cost of living, fell by a seasonally adjusted 0.3% last month. Economists had forecast
READ MORESales at U.S. retailers fell in March for the second month in a row, marking the worst two-month stretch in two years. Sales at retailers nationwide declined 0.2% last month, a touch less than the 0.3% drop forecast.
READ MOREU.S. inflation at the wholesale level fell in March for the first time in seven months, owing to lower costs for services such as investment advice as well as cheaper fuel for cars and homes. The producer price index slipped 0.1% last month to mark the first decline since August.
READ MOREInitial jobless claims were essentially unchanged at 234,000 in early April, holding near extremely low levels that show the U.S. labor market is going strong despite a slowdown in hiring last month.
READ MOREA gauge of consumer sentiment improved in April, as most Americans were upbeat about current conditions, although the partisan divide about the outlook for the economy remains stark. Consumer sentiment rose to 98 in a preliminary April reading, compared with March’s final result of 96.0.
READ MORERates for home loans fell in line with Treasury yields, nudging mortgage rates to the lowest level of the year. The 10-year Treasury yield fell five basis points during the week as investors continue to re-assess the expectations for fiscal stimulus and economic growth that followed the November election even as fresh geopolitical worries flared.
READ MORELower costs of gasoline and other fuels kept wholesale U.S. inflation in check in May, but upward pressure on prices persisted in many areas of an economy whose expansion is the third longest in modern times. The producer price index was flat last month following a sharp 0.5% increase in April. Economists had predicted no
READ MORELeaving everything to the last minute can cost you money I get it. Doing your taxes is no fun, especially if you know you’re going to owe money. But as with any project on which you procrastinate, leaving everything to the last minute can lead to errors, both large and small, and some of those
READ MORETreasury yields bounced off session lows on Friday as investors looked past a U.S. airstrike in Syria late-Thursday and lackluster data from the Labor Department on March employment to push yields higher, in a week fraught with geopolitical events. Yields for 10-year notes fell 3.2 basis points to 2.375%, the yield had slipped below 2.271%—the
READ MOREThe weaker-than-expected headline from the March jobs report will not deter the Federal Reserve from raising short-term interest rates twice more this year, economists said. The March data won’t knock them off course. The U.S. created just 98,000 new jobs in March, economists say the data is not a signal that the U.S. economy is
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