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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
Most Americans are quite optimistic the U.S. economy will do well in the days ahead, though Democrats remain depressed two months into the Trump presidency. The index of consumer sentiment rose to 97.6 in March from 96.3 in February, based on a preliminary reading by the University Michigan. Economists surveyed by MarketWatch had forecast a
READ MOREThe U.S. economy is set to accelerate, if a gauge that historically correlates with future performance is on target. The Conference Board said its leading economic index rose 0.6% in February — the third straight gain of that magnitude — to reach its highest level in more than a decade. “Widespread gains across a majority
READ MORETreasurys gained ground Friday, leaving yields on track for a weekly decline after the Federal Reserve on Wednesday failed to signal a more aggressive approach to future rate moves. The yield on the 10-year Treasury note fell 1.8 basis points to 2.506%, according to Tradeweb, while the 2-year yield declined 0.7 basis point to 1.317%.
READ MOREThe number of Americans who applied for unemployment benefits fell by 2,000 to 241,000 in mid-March, as layoffs remained near the lowest level in decades. Economists polled by MarketWatch has expected initial jobless claims to total 240,000 in the seven days stretching from March 5 to March 11.
READ MOREThe Federal Reserve Bank of Philadelphia’s monthly index on regional manufacturers fell to 32.8 in March from 43.3 in February, which was the highest reading in 33 years, according to data released Thursday. Economists polled by MarketWatch had expected the Philly Fed gauge to pull back to 30 in March
READ MOREConstruction on new houses climbed 3% in February to the second highest level since 2007, reflecting pentup demand in a steadily growing economy that builders are aiming to address. The pace of so-called housing starts rose to an annual rate of 1.29 million last month, with construction on single-family homes hitting the highest level since
READ MOREThe Bank of England on Thursday left its key interest rate at a record low 0.25%, meeting widely held expectations. The vote to hold the rate steady was 8-1, with board member Kristen Forbes backing a rate increase. The central bank left unchanged the size of its asset purchase program at £435 billion ($533 billion)
READ MOREU.S. government-bond yields rose Thursday as Treasury prices gave back some of the ground gained a day earlier in a sharp rally following the Federal Reserve’s widely anticipated rate increase. The yield on the 10-year Treasury note rose 1.6 basis points to 2.52%, according to Tradeweb, while the 2-year yield rose 0.8 basis point to
READ MOREWednesday will be all about the Federal Reserve. At 2:00 p.m. ET on Wednesday, the Federal Open Market Committee will release its latest monetary policy decision, which markets expect will see the central bank take its benchmark interest rate to 0.75%-1% from 0.50%-0.75%. This would be the third interest rate hike from the Fed since
READ MOREAlongside the Fed’s latest policy statement, markets will also get an updated set of economic projections from the Fed for GDP and inflation, as well as an updated “dot plot,” which shows where Fed officials expect benchmark interest rates to be in the future. Given the hawkish commentary from Fed officials, we think the dots
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