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Listen Live:
Saturday’s: 9AM
Fox Sports Ventura
1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
Federal Reserve Chair Janet Yellen said the U.S. economy is “close” to the central bank’s objectives of full employment and stable prices and she’s confident it will continue to improve.
READ MOREFirms and industries were optimistic about growth this year. Employment gains were characterized as slight to moderate, with most of the Fed’s 12 districts saying they expected the labor market to continue tightening.
READ MOREThe New York Federal Reserve’s gauge of manufacturing activity in the region fell in January. The gauge declined to a reading of 6.50 from a downward revised December reading of 7.60 in December. Wall Street had anticipated a smaller decline to a reading of 8.50. Readings above 0 point to expansion, while those below indicate
READ MOREThe Commerce Department reports retail sales rose 0.6% last month, missing expectations for a rise of 0.7%. Excluding the volatile auto component, sales rose 0.2%, compared to views for a 0.5% increase.
READ MOREThe Labor Department reports prices at the wholesale level rose 0.3% in December, matching expectations. Prices excluding the volatile food and energy components rose 0.2%. Wall St expected a rise of 0.1%.
READ MOREA closely-watched gauge of consumer sentiment from the University of Michigan came in at 98.1 in January. That’s down a tick from December’s reading of 98.2. Economists were looking for the reading to increase to 98.5.
READ MOREWeekly jobless claims rose by 10,000 to 247,000 last week. That came in lower than the 255,000 estimate. The prior week was revised higher by 2,000 to 237,000
READ MOREImport Prices MOM 0.4% vs. estimates of 0.7%. Export Prices MOM 0.3% vs. estimates of 0.1%. No sign of inflation from overseas as our Import prices were about half of market expectations. A slight positive for MBS and interest rates this morning.
READ MORENovember JOLTS 5.552M vs. estimates of 5.555M. November Wholesale Inventories 1.0% vs. estimates of 0.9%. Generally, neither of these is a major factor in pricing.
READ MOREThe Labor Department reports the U.S. economy added 156,000 jobs in December, below expectations for 178,000 jobs. The unemployment rate rose to 4.7%. Meanwhile, the labor force participation rate rose a tick to 62.7%. November Non Farm Payrolls revised from 178,000 to 204,000. October Non Farm Payrolls revised from 142,000 to 135,000.
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