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Prices of imported goods post steepest drop in 15 months

  • June 15, 2017
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The import price index fell by 0.3% last month. It’s the second decline in three months and the steepest drop since February 2016.

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Philly, Empire manufacturing gauges show strength in June

  • June 15, 2017
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The Philadelphia Fed manufacturing index in June retreated to a reading of 27.6 from 38.8 in May. Economists had expected a retreat because the May reading, next to February was the highest in more than 30 years.

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U.S. jobless claims fall 8,000 to 237,000

  • June 15, 2017
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The number of Americans applying for and receiving benefits after losing their jobs keeps going lower and lower. Initial jobless claims fell by 8,000 to 237,000 in the seven days stretching from June 4 to June 10.

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Inflation falls again in May as CPI recedes from recent high-water mark

  • June 14, 2017
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The cost of goods and services for American consumers fell in May for the second time in three months as inflation continued to recede from a recent high-water mark. The consumer price index, or cost of living, fell by a seasonally adjusted 0.1% last month, the government said Wednesday.. A big drop in gasoline prices

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U.S. retail sales in May are weakest in 16 months

  • June 14, 2017
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  • realestate

Sales at retailers nationwide sank 0.3% last month, the biggest drop since January 2016. The May sales report was generally weak across the board. Economists polled had forecast flat sales in May. The reversal last month unwound much of the strength in April when sales jumped 0.4%. April sales benefited from a late Easter holiday

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Fed boosts key interest rate to 1-1.25 percent

  • June 14, 2017
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  • realestate

At the conclusion of its two-day policy meeting, the Federal Open Market Committee moved its benchmark interest rate higher by 0.25 percentage point to between 1% and 1.25%, as had been widely expected on Wall Street.

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Fed raises rates by 0.25%

  • June 14, 2017
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The Fed still believe gradual rate hikes are warranted. We saw 12 out of 16 Fed members can see one more rate hikes this year. They did lower their inflation expectations and said they would begin to unwind their balance sheet in the 4th QTR. This is not a major shock to the system, but

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U.S. jobless claims remain near lowest level in decades

  • June 8, 2017
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  • realestate

Initial jobless claims dropped by 10,000 to 245,000 in the seven days stretching from May 28 to June 3. Initial claims count people who apply for benefits after losing their jobs. New applications for benefits have registered less than 300,000 for 118 straight weeks, the longest run since the early 1970s. The more accurate four-week

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April JOLTS Report

  • June 6, 2017
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  • realestate

April JOLTS report shows 6.044M unfilled job openings vs. estimates of 5.650M. This is a huge number and suggests the labor market still has room to run provided that their are qualified people with the corresponding skill set to match up with the open jobs. Not enough to turn the positive move for interest rates

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U.S. productivity in first quarter: zero

  • June 5, 2017
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  • realestate

The productivity of American companies and their employees wasn’t as bad in the first quarter as originally reported. The government on Monday said productivity was unchanged in the first three months of 2017 instead of declining at a 0.6% annual rate. The biggest change: The increase in output, or how many goods and services companies

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