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Bank of England votes 7-1 to hold key rate at 0.25%

  • May 11, 2017
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The Bank of England on Thursday left its key interest rate at 0.25%, meeting widely held expectations. The vote to hold the rate steady was 7-1, with board member Kristen Forbes backing an increase. The central bank left unchanged the size of its asset purchase program at £435 billion ($562 billion) and its corporate-bond purchase

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U.S. producer prices jump 0.5% in April

  • May 11, 2017
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  • realestatelife

U.S. producer prices showed a broad-based gain in April, which pushed the annual increase up to the largest gain in five years, government data showed. The Labor Department said on Thursday its producer price index for final demand rose 0.5% last month. That was above expectations. Economists surveyed had predicted the producer price index would

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Continued jobless claims at lowest level in 28 years

  • May 11, 2017
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  • realestatelife

The number of people receiving jobless benefits fell to the lowest level in 28 years, the Labor Department said Thursday, a further sign of a healthy labor market. Initial claims slipped 2,000 to a seasonally adjusted 236,000 for the week ended May 6, the Labor Department said on Thursday. Claims have now been below 300,000,

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Treasury yields gain on jobless claims and producer-price

  • May 11, 2017
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  • realestatelife

Treasury prices slipped, pushing up yields, after producer prices rose and continued jobless claims sank to its lowest levels in more than 28 years, setting up the Federal Reserve to hike rates in preparation for higher inflation.

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April Import Prices Improve

  • May 10, 2017
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  • realestatelife

April Import Prices 0.5% vs. estimates of 0.2%. Import Prices YOY 4.1% vs. estimates of 4.2%. A slight negative for interest rate pricing, but generally not a large factor.

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March JOLTS better

  • May 9, 2017
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  • realestatelife

March JOLTS (Job Openings and Labor Turnover Survey) shows vacant jobs, 5.743 vs. estimates of 5.670M. Not a large factor for interest rate pricing.

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March Wholesale Investories better

  • May 9, 2017
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  • realestatelife

March Wholesale Inventories 0.2% vs. estimates of -0.1%. This will not have an influence for interest rates.

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U.S. adds 211,000 jobs in April; unemployment 4.4%

  • May 5, 2017
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The economy generated 211,000 new jobs in April, rebounding from a disappointing March and pointing to steady U.S. economic growth ahead. Economists polled by MarketWatch had predicted a 190,000 increase in nonfarm jobs. The unemployment rate dipped to 4.4% from 4.5%, a postrecession low last matched in May 2007, the government said Friday. Average wages

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U.S. initial jobless claims sink 19,000 to 238,000

  • May 4, 2017
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  • realestatelife

Initial U.S. jobless claims fell by 19,000 to 238,000 in the last week of April, the government said Thursday. Economists polled by MarketWatch has expected new claims to total a seasonally adjusted 245,000 in the seven days stretching from April 23 to April 29. The more stable monthly average of jobless claims rose by 750

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U.S. trade deficit with Mexico highest since 2007

  • May 4, 2017
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  • realestatelife

U.S. trade deficits with Mexico and Japan hit the highest levels in March in almost a decade, though the nation’s trade gap overall was virtually unchanged. The deficit dipped 0.1% to $43.7 billion in March to reach a five-month low, the Commerce Department said Thursday. Economists polled by MarketWatch had forecast a $44.5 billion gap.

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