Orders for durable goods fall to 5-month low

  • May 26, 2017
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Orders for long-lasting goods such as planes and appliances fell in April for the first time in five months, suggesting that a resurgent U.S. manufacturing industry has cooled off a bit. Durable-goods orders dropped 0.7% last month amid weakness in most key segments of heavy industry. The decline follows four straight increases, including a revised

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Treasury yields fall ahead of ISM manufacturing survey data

  • July 3, 2017
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June 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.

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Economy wasn’t as bad as it looked in first quarter, GDP shows

  • May 26, 2017
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Turns out the U.S. economy wasn’t totally asleep in the first three months of 2017: the government raised the growth rate to 1.2% from its original 0.7% estimate.

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Home-price growth sizzles in May, driving a wedge in the market

  • July 5, 2017
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  • realestate

Nationally, 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.

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Consumer sentiment edges up in May as Americans remain politically

  • May 26, 2017
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Consumer sentiment ticked up fractionally in May as Americans grew more optimistic about economic growth – but more pessimistic about current conditions. The University of Michigan’s closely-watched confidence tracker rose to 97.1 from 97.0 in April. It had touched 97.7 in a mid-May reading, and economists surveyed expected no change from that reading for the

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Fed might start balance-sheet drawdown in September, FOMC minutes hint

  • July 5, 2017
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The 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.

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Consumers boost spending in April at fastest pace since end of 2016

  • May 30, 2017
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Spending jumps 0.4%; inflationary pressures wane. Aided by rising incomes and tax refunds, Americans boosted spending in April at the fastest clip since the end of 2016 in another sign the economy has speeded up during the spring. Lower inflation that reflects falling oil prices also gave households an extra cushion.

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Home-price growth accelerates to nearly three-year high in March

  • May 30, 2017
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The smallest annual increase of any of the 20 cities is still about double the rate of inflation. The S&P/Case-Shiller 20-city index rose 5.9% compared to a year ago in the three-month period ending in March, a tick higher than the 5.8% gain economists expected. That was the strongest annual price gain since July 2014.

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Consumer confidence, though still high, falls for second month in a row

  • May 30, 2017
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Consumer confidence fell in May for the second month in a row, suggesting Americans have tempered their expectations for the economy after a huge burst of optimism earlier in the year. The Conference Board said its consumer confidence index dropped to 117.9 in May from 119.4 in April. Just three months earlier, consumer confidence hit

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Private-sector job growth throttles back in June, ADP says

  • July 6, 2017
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  • realestate

Employers added a seasonally-adjusted 153,000 jobs during the month, payroll processor ADP said. That was below the 180,000 jobs that a consensus of economists had forecast.

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