Listen Live:
Saturday’s: 9AM
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Listen Live:
Saturday’s: 9AM
Fox Sports Ventura
1590 AM/97.9 FM KVTA
Sunday’s: 6:30AM
K-EARTH 101 FM
September ISM Non-Manufacturing (Services) hit 59.8 vs. estimates of 55.5 This is a strong reading considering anything above 50 is expansionary and the Services sector accounts for more than 2/3 of our economic output. This is very negative for bonds and interest rate pricing.
READ MOREPrivate-sector employment slowed in September as firms added 135,000 jobs ADP reported Wednesday. The gain was close to estimates which had forecast a September gain of 140,000 jobs, compared with an original reported increase of 237,000 for August. On Wednesday, ADP revised August’s gain to 228,000.
READ MOREMinneapolis Fed President Neel Kashari on Monday openly disagreed with Fed Chairwoman Janet Yellen by urging the central bank not to raise interest rates again until inflation hits the central bank’s 2% annual target. “My preference would be not to raise rates again until we actually hit 2% core PCE inflation on a 12- month
READ MORESpending increased 0.5% during the month, and stood 2.5% higher than a year ago. Outlays were at a seasonally adjusted annual $1.22 trillion rate in August, while July’s initial tally was revised up to $1.212 trillion. The median forecast among economists surveyed by was for a 0.4% increase.
READ MOREConsumer spending rose 0.1% in August. If adjusted for inflation, however, spending fell for the first time since January. Personal income climbed 0.2%, above the 0.1% forecast. The savings rate was flat at 3.6%. The PCE index, the Federal Reserve’s preferred inflation gauge, increased 0.1% in August. The closely followed “core” rate that strips out
READ MOREInitial U.S. jobless claims, a tool to measure layoffs, rose by 12,000 to 272,000 in the seven days stretching from Sept. 17 to Sept. 23.
READ MOREThe U.S. economy grew a bit faster than previously estimated in the second quarter, recording its quickest pace in more than two years.
READ MOREIn the past, bond investors have been skeptical of prospects for tax legislation. But with more concrete details unveiled, Treasurys have seen selling pressure. Nonetheless, analysts feel there are plenty of stumbling blocks that could serve as roadblocks.
READ MOREDurable-goods orders climbed 1.7% last month, the government said Wednesday. Economists polled had forecast a 1% gain. The increase stemmed mainly from a big batch of orders for commercial aircraft. Bookings surged 45%. Demand was higher for most other manufactured goods, but orders grew at a smaller pace. Orders minus transportation edged up 0.2%. A
READ MOREAmerican consumers feel a bit less confident this month, their spirits pulled down by Hurricanes Harvey and Irma. The Conference Board says its consumer confidence index fell to 119.8 in September from 120.4 in August. Conference Board economist Lynn Franco says that confidence “decreased considerably” in hurricane-hit Florida and Texas.
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