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February ISM Non Manufacturing expands

  • March 3, 2017
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February ISM Non Manufacturing (Services) 57.6 vs.estimates of 56.5. This represents more than 2/3 of our economic engine, any reading above is expansionary.

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Jobless claims sink to new postrecession low

  • March 2, 2017
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The number of Americans who applied for unemployment benefits near the end of February fell by 19,000 to 223,000, setting a fresh postrecession low and illustrating the strength of the U.S. labor market.

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Dow futures shoot up 100 points on prospect of March rate

  • March 1, 2017
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Futures pointed to fresh highs for U.S. stocks Wednesday, as investors appeared to give President Donald Trump the benefit of the doubt over his economic plans. Stocks also seemed to get a lift from comments by Federal Reserve officials, which drove up expectations for an U.S. interest-rate increase within weeks.

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Construction spending, led by public works, falls in January

  • March 1, 2017
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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.

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Inflation highest since 2012, PCE

  • March 1, 2017
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The 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

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U.S. consumer spending slows; inflation pushes higher

  • March 1, 2017
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March 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.

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Fed’s Beige Book says business optimism has cooled a

  • March 1, 2017
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The 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

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GDP estimate cuts show divergence between economic activity and optimism

  • March 1, 2017
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There’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

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Wall Street Wants Substance From Trump’s Congressional Address

  • February 28, 2017
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Investors will be closely eyeing the president’s first address to a joint session of Congress Tuesday night for details of his economic-growth plan.

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4th Quarter GDP unchanged

  • February 28, 2017
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4th 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.

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