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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
During Chair Yellen’s press conference, we’d expect there to be questions relating to any discussions the Fed has had about economic programs discussed by the Trump administration, notably the $1 trillion infrastructure package Donald Trump touted as recently at February 28. In the past, however, Fed officials have demurred at providing any color around the
READ MOREA gauge of New York-area manufacturing remained close to two-year high levels in March, according to data released Wednesday. The Empire State manufacturing survey slipped to 16.4 in March, down only 2.3 points from a two-year high of 18.7 in February, the New York Fed said. Economists had expected a 15.4 reading according to a
READ MOREAmerican consumers paid slightly more in February for good and services such as groceries and rent, reflecting upward pressure on inflation that’s intensified since last summer. The consumer price index, or cost of living, rose by a seasonally adjusted 0.1% last month, the government said Wednesday. It was the smallest increase since last July. Economists
READ MOREMost U.S. retailers reported weak sales in February despite unseasonably warm weather, a likely offshoot of delayed tax refunds for millions of households. Sales at retailers nationwide rose a scant 0.1% in February, slowing sharply after big gains in the prior two months, the government reported Wednesday. The increase matched the estimate of economists polled
READ MORESentiment among home builders roared to a 12-year high in March, propelled by industry approval of early steps from President Donald Trump. The National Association of Home Builders’ closely-watched confidence index surged 6 points to 71, the highest level since June 2005. The index jumped sharply to a fresh cycle high in the month after
READ MOREThe Federal Open Market Committee concluded its two-day meeting Wednesday as the markets widely expected it would raise its benchmark interest rate a quarter point
READ MOREThat’s the term given to investors who protest inflationary policies by selling bonds. This, in turn, pushes yields higher, and could create serious headwinds.
READ MOREThe Federal Reserve has raised its benchmark interest rate 0.25%, and reaffirmed its forecast for three rate rises this year. The central bank cited continued expansion in the labor market, “solid” job gains, rising household spending and firming business fixed investment in its decision.
READ MOREIt may not be the Fed that signals a more aggressive rate hiking scenario Wednesday — it could be the inflation data. The Fed is expected to hike interest rates by a quarter point Wednesday afternoon, and it is likely to sound more upbeat about the economy. Its dual mandate — inflation and employment —
READ MOREFebruary headline Producer Price Index 0.3% vs.estimates of 0.1%. Core PPI 0.3% vs. estimates of 0.2%. YOY PPI 2.2% vs. estimates of 2.0%. Core YOY PPI 1.5% vs. estimates of 1.5%. Inflation on the front end is now at 2.2% and is generally negative for interest rate pricing.
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