Category: Business & Markets

• September 13, 2017
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August Producer Price Index MOM 0.2% vs. estimates of 0.3% with Core PPI MOM 0.1% vs. estimates of 0.2%.  The PPI YOY 2.4% vs. estimates of 2.5% with Core PPI YOY 2.0% vs. estimates of 2.1%. This is a smidge lighter than expectations, but Core YOY did move up from July’s reading of 1.8% to August’s reading of

• September 11, 2017
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As the number of complaints continue to rise after credit reporting agency Equifax’s massive hack last week, the scale and scope of the breach is troubling cyber security experts who warn nearly every adult in the United States could have been affected.

• September 7, 2017
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The government on Thursday said productivity increased at a 1.5% annual pace in the spring, up from an initial 0.9% estimate. Productivity rises when workers supply more goods and services in the same amount of time. The upward revision stemmed entirely from workers producing more goods and services. Output was revised up to show a

• September 6, 2017
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The Institute for Supply Management said its non-manufacturing index rose to 55.3% last month from 53.9% in July, which was the lowest reading in the past year. A similar ISM survey of manufacturing firms also showed the fastest growth in six years.

• September 6, 2017
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The Labor Department on Wednesday said its preliminary benchmark revision anticipates a 95,000-job, or 0.1%, increase to March 2017 employment. The final benchmark revision will be issued in February. Each year, the employment estimates are benchmarked to comprehensive counts of employment for the month of March, drawing on state unemployment-insurance tax records.

• September 6, 2017
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The trade deficit rose slightly in July, keeping the U.S. on track to post a larger gap in 2017 than in 2016. The deficit edged up to $43.7 billion in July from $43.5 billion in June, the Commerce Department said Wednesday. Economists polled had forecast a $44.8 billion gap.

• September 1, 2017
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Consumer sentiment pulled back to a final August reading of 96.8 in August from a high preliminary reading of 97.6, according to reports on the University of Michigan gauge released Friday.

• September 1, 2017
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The Federal Reserve has been watching the Jobs numbers closely. The Fed has indicated plans to raise its benchmark interest rate target another quarter-point this year, but could be held back due to weak inflation. Specifically, policymakers have been looking for signs of accelerated wage growth, which has been stuck around 2.5 percent for most

• September 1, 2017
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The U.S. economy added 156,000 net new jobs in August, missing expectations for 180,000 jobs. The unemployment rate ticked up slightly to 4.4% from 4.3%, while the labor force participation rate stayed flat at 62.9% during the month. Average hourly earnings meanwhile increased by 3 cents, or 0.1%. Economists polled had predicted a 170,000 increase

• August 31, 2017
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The employment subcomponent fell below 50 in August for the first time since March. This is the sixth contraction in the employment indicator in the last 12 months, with fewer firms expecting an increase in hiring. Inflation pressures also eased slightly in August and have been on a downward trend this year.