Listen Live:
Saturday’s: 9AM
Fox Sports Ventura
1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
(Back in the Fall on Sunday)
Listen Live:
Saturday’s: 9AM
Fox Sports Ventura
1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
(Back in the Fall on Sunday)
On Friday, the New York Fed said its “nowcast” has been reduced to 1.9% for the second quarter, down a tick from its last report, and from as high as 2.6% in April. A similar assessment from the Atlanta Fed called GDPNow fell to 2.4% from 2.6%, and is down from 4.3% in May.
READ MORESales at retailers nationwide fell 0.2% last month to mark the second straight drop and match the biggest decline of the year. Sales also fell 0.1% in May, though fresh revisions show the decline was not as large as originally reported. The disappointing sales figures suggest the U.S. has not rebounded quite as strongly in
READ MOREThe cost Americans pay for goods and services was little-changed in June, larger reflecting lower gasoline prices but also showing that a recent surge in inflation has crested. The consumer-price index, or cost of living, was unchanged last month.
READ MOREThe number of Americans who applied for unemployment benefits fell slightly in early July, reflecting an extremely low level of layoffs that has become the norm as an economic recovery stretches into its ninth year.
READ MORERates for home loans jumped in the latest reporting week, taking the benchmark back over a key threshold for the first time since May.
READ MOREFederal Reserve Chair Janet Yellen said Wednesday, in prepared remarks to be given before Congress, the current pace of U.S. job growth is enough to expand the labor force.
READ MOREThe Bank of Canada, as expected, raised its overnight interest rate by a quarter of a percentage point to 0.75% on Wednesday. This was the first rate hike in seven years, making the Bank of Canada the first major central bank to join the Federal Reserve in raising rates. The Bank of Canada’s decision was
READ MOREEver since the Federal Reserve adopted an explicit inflation target of 2% in 2012, the central bank has had limited success in hitting it. Only once, in fact, in the months between April 2012 and today, did the year-over-year increase in the personal consumption expenditures (PCE) price index breach 2%.
READ MORESmall-business sentiment fell again in June as business owners grew increasingly frustrated with Washington gridlock. The monthly sentiment tracker from the National Federation of Independent Business ticked down 0.9 points to 103.6, the fifth-straight month of declines or unchanged readings. The index now sits halfway between its pre-election reading of 98.4, and 105.8, the level
READ MOREThe number of job openings in the U.S. fell sharply in May as companies hired the most people since 2004, a survey of the labor market shows. Job openings fell by 301,000 in May to 5.66 million, just one month after reaching the second highest level ever, the federal government reported Tuesday.
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