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Saturday’s: 9AM
Fox Sports Ventura
1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
The U.S. central bank can keep raising interest rates with the labor market at full health and inflation on track to stabilize at 2%, said Philadelphia Fed President Patrick Harker on Friday. “Overall, things are looking good,” Harker said in a speech to the Urban Economic Policy Conference at Drexel University. “We’re essentially at normal
READ MOREThe pace of home construction eased in April as builders took a breather after a strong start to the year. Housing starts ticked down 2.6% to a 1.17 million annual pace, the Commerce Department said Tuesday, and stood just 0.7% higher than in the same month last year. Permits fell 2.5% to a 1.23 million
READ MORECPI measure of inflation went up to 2.7 percent in April, latest figures show. Increased from 2.3 percent the previous month amid squeeze on consumers. The figure represents the highest CPI inflation has reached since June 2013.
READ MOREIndustrial production in April grew at the fastest monthly rate in more than three years, on the back of broad-based gains in the manufacturing sector. The Federal Reserve said Tuesday that industrial production grew 1% in April, topping the MarketWatch-compiled economist consensus for 0.5% growth. This is the fastest pace of growth since February 2014.
READ MORETop economists at the European Central Bank (ECB) said they were becoming less likely to continue loose monetary policy, according to minutes from the latest monetary policy meeting. The minutes said the central bank was “less likely” to opt for “further accommodation” because of the strengthening of the European economy. The minutes also revealed the
READ MORESo-called continuing claims, or the number of people collecting jobless benefits, fell by 22,000 to 1.9 million in early May. That’s the lowest level in 29 years. initial jobless claims fell by 4,000 last week to 232,000. That’s the second lowest weekly reading during the current economic recovery that began almost eight years ago
READ MOREThat’s well above the economist forecast for a reading of 19.6. It marked the 10 month above zero on an index where any reading above zero indicates improving conditions. Gauges of news orders and shipments remained at high levels in May, according to the survey. The Philly Fed index is much stronger than the Empire
READ MOREFor the week the US 10 year treasury finished at 2.243%, declining 8.8 basis points this week, marking its largest weekly decline since the period ended April 13. Bond prices move inversely to yields; one basis point is one hundredth of a percentage point.
READ MOREGross 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 MOREIn a landscape devoid of blockbuster earnings and policy catalysts, the stock market is likely to remain vulnerable to political uncertainty, setting the stage for another round of skirmish between the bulls and the bears. This week’s turmoil was less about President Trump than what an embattled president will mean for the pro-business policies that
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