Home → Blog
Latest

Treasury yields fall ahead of ISM manufacturing survey data

  • July 3, 2017
  • no comment
  • realestate

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.

READ MORE

Treasury yields fall ahead of ISM manufacturing survey data

  • July 3, 2017
  • no comment
  • realestate

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.

READ MORE

Consumer spending is weak in May, but so is inflation

  • June 30, 2017
  • no comment
  • realestate

Americans barely increased spending in May and choose to save more money instead even as decelerating inflation gave them more bang for the buck. Consumer spending rose 0.1% last month after back-to-back 0.4% gains in April and March, the Commerce Department reported Friday. That matched the Market watch forecast of economists.

READ MORE

More on the Feds favorite gauge of inflation

  • June 30, 2017
  • no comment
  • realestate

The meager increase in spending took place against a backdrop of slowing inflation. The PCE index, the Federal Reserve’s preferred inflation gauge, fell 0.1% to mark the second decline in three months. What’s more, the 12-month rate of inflation tapered off to 1.4% in May from 1.7% in the prior month and a five-year high

READ MORE

Chicago June PMI at 65.7 vs 58.0

  • June 30, 2017
  • no comment
  • realestate

The Chicago Purchasing Managers Index was at 65.7 in the month, blowing past economists’ estimates. Economists polled had expected a reading of 58.0, down from the 59.4 reading reported a month earlier. A reading above 50.0 indicates expansion in the economy.

READ MORE

Consumer spending is weak in May, but so is inflation

  • June 30, 2017
  • no comment
  • realestate

Americans barely increased spending in May and choose to save more money instead even as decelerating inflation gave them more bang for the buck. Consumer spending rose 0.1% last month after back-to-back 0.4% gains in April and March, the Commerce Department reported Friday. That matched the Marketwatch forecast of economists.

READ MORE

More on the Feds favorite gauge of inflation

  • June 30, 2017
  • no comment
  • realestate

The meager increase in spending took place against a backdrop of slowing inflation. The PCE index, the Federal Reserve’s preferred inflation gauge, fell 0.1% to mark the second decline in three months. What’s more, the 12-month rate of inflation tapered off to 1.4% in May from 1.7% in the prior month and a five-year high

READ MORE

Chicago June PMI at 65.7 vs 58.0 expected

  • June 30, 2017
  • no comment
  • realestate

The Chicago Purchasing Managers Index was at 65.7 in the month, blowing past economists’ estimates. Economists polled had expected a reading of 58.0, down from the 59.4 reading reported a month earlier. A reading above 50.0 indicates expansion in the economy.

READ MORE

Poor start to 2017? Not really. First quarter GDP raised again to 1.4%

  • June 29, 2017
  • no comment
  • realestate

Gross domestic product, the official scorecard for the economy, expanded at a 1.4% annual pace in the first quarter, revised figures show. That’s a few ticks better than the prior 1.2% reading and double the initial 0.7% estimate.

READ MORE

Jobless claims edge up by 2,000 to 244,000

  • June 29, 2017
  • no comment
  • realestate

The number of Americans applying for unemployment benefits rose slightly in late June but still remained extremely low, reflecting the strength of a U.S. labor market that shows no sign of wilting.

READ MORE

Subscribe to Newsletter

Get weekly updates on mortgage rates, finance, lending and real estate.