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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
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Construction spending tumbled 1% in January, lead by declines in transportation, roads and educational buildings. The consensus forecast among economists surveyed by MarketWatch was for a 0.6% increase. December data, originally reported as a 0.2% decline, was revised up to a 0.1% gain, and November’s 0.9% increase was revised up to a solid 1.5% gain.
READ MOREThe higher cost of goods such as gasoline pushed U.S. inflation in January to the highest level since 2012, offsetting rising household incomes and raising the odds of an increase in interest rates soon. A government report that tracks consumer spending showed a modest increase of 0.2% last month, with incomes rising even faster at
READ MOREMarch 01, 20170 CommentsBloggies by 888LIFE980 U.S. consumer spending rose less than expected in January as the largest monthly increase in inflation in four years eroded households’ purchasing power, pointing to moderate economic growth in the first quarter. The Commerce Department said on Wednesday that consumer spending, which accounts for more than two-thirds of U.S.
READ MOREThe spike in business optimism in the wake of the presidential election has cooled a bit, a report released Wednesday showed. The Federal Reserve’s so-called Beige Book, a collection of anecdotes about the economy gathered before the central bank makes interest-rate decisions, said “businesses were generally optimistic about the near term but to a somewhat
READ MOREThere’s a growing divergence between the optimism seen by stock market traders, business executives and consumers, and actual economic activity. The Atlanta Fed’s GDPNow model for GDP growth, which mashes 13 subcomponents together, was cut on Thursday to 1.8% from 2.5%, marking its lowest forecast for the quarter. The biggest culprit was the weak consumer
READ MOREInvestors will be closely eyeing the president’s first address to a joint session of Congress Tuesday night for details of his economic-growth plan.
READ MORE4th QTR GDP was revised from 1.9% to 1.9%, the market was expecting 2.1%. A slight miss, but it matches the first release of this data. Generally, not a major market mover as this is old data and will be revised again.
READ MOREFebruary Chicago PMI 57.4 vs. estimates of 53.0. Any reading above 50 is expansionary and this is a big beat…this is generally negative for interest rate pricing.
READ MOREFebruary Consumer Confidence 114.8 vs. estimates of 110.9. Another very strong reading, generally a tad negative for interest rate pricing.
READ MOREThe Dow halted a 12-session streak of record closing highs as U.S. stocks capped the session lower. Investors are awaiting more clarity on policy promises from President Donald Trump who will deliver his first address to a joint session of Congress Tuesday night.
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