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ADP reports blowout 298,000 jobs gain for February

  • March 8, 2017
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  • realestate

ADP says February was third-best month of jobs growth of the recovery. Private-sector employment increased by 298,000, ADP reported Thursday. That gain suggests a much better than forecast reading for the payrolls report due Friday, where expectations are for 200,000 jobs added.

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Unit Labor Costs / Nonfarm Productivity

  • March 8, 2017
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  • realestate

Unit Labor Costs 1.7 vs. estimates of 1.6. Nonfarm Productivity 1.3 vs. estimates of 1.5. This is revised data from the 4th QTR.

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January Trade Balance meets

  • March 7, 2017
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  • realestate

January Trade Balance -48.5B vs. estimates of -48.5B. This of course meets expectations and will not be a factor for today’s pricing.

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January Factory Orders as expected

  • March 6, 2017
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  • realestate

January Factory Orders 1.2% vs. estimates of 1.2%. Not a factor for interest pricing today.

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Investors step cautiously ahead of Yellen & Company today

  • March 3, 2017
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  • realestate

Investors will lock in Friday on speeches by the Federal Reserve’s top policy-makers, Yellen’s speech is scheduled for 1 PM Eastern Time. Warming up traders for the boss, four other Fed officials take the stage before her: Fed No. 2 Stanley Fischer, Fed Gov. Jerome Powell, the Chicago Fed’s Charles Evans and Richmond’s Jeffrey Lacker.

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February ISM Non Manufacturing expands

  • March 3, 2017
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  • realestate

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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  • realestate

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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  • realestate

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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  • realestate

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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