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CPI
The Consumer Price Index rose 0.2 percent in September, which followed a 0.4 percent increase in August.
The slower pace of CPI rise in September showed that inflation will not be a threat as the economy emerges from the worst recession since the Great Depression.
Oct 15 · 9:58:00 AM · Source: Bloomberg
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by Larry Etter
Retail Sales
The Commerce Department reported total retail sales fell 1.5 percent in September. Excluding motor vehicles and parts, retail sales rose by a bigger-than-expected 0.5 percent in September after increasing 1.0 percent in August.
Analysts polled by Reuters had forecast headline retail sales falling 2.1 percent in September.
Oct 14 · 11:13:00 AM · Source: Reuters.com
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by Rich Pike
Housing
An estimated 25 million homeowners, or 48% of those with mortgages, will owe more on the loan than the house is worth by the first quarter of 2011, according to an analysis by Deutsche Bank released this week.
Why is Wall Street ignoring an analysis like this and instead is putting its faith in "green shoots"?
Aug 6 · 12:34:00 PM · Source: Marketwatch.com
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by Rich Pike
Housing
Pending sales of previously owned U.S. homes rose at a faster-than-expected pace in June, a real estate trade group said on Tuesday, more evidence the housing market was starting to claw out of a three-year slump.
The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in June, rose 3.6 percent to 94.6. It was the fifth straight month of advance and the first such streak in six years, the industry group said.
Aug 4 · 10:23:00 AM · Source: Reuters.com
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by Rich Pike
Incomes
U.S. personal incomes tumbled 1.3 percent in June, more than forecast and the biggest drop in four years, signaling that consumer spending will take time to recover.
The decline partly reflected the unwinding of one-time transfer payments from the Obama administration’s stimulus plan, which boosted incomes 1.3 percent in May, figures from the Commerce Department showed today in Washington. Spending rose 0.4 percent in June as prices climbed. Adjusted for inflation, purchases fell 0.1 percent, the report showed.
Aug 4 · 9:19:00 AM · Source: Bloomberg.com
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by Rich Pike
IMF
The sharp contraction in the U.S. economy "seems to be ending" but recovery will be slow with risks still looming from the weak labor and housing markets, the International Monetary Fund said on Friday.
The IMF, in its annual report on the U.S. economy, stuck to earlier forecasts that gross domestic product will shrink by 2.6 percent in 2009 and then rise by 0.8 percent in 2010.
Jul 31 · 1:22:00 PM · Source: Reuters
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by Rich Pike
GDP
Gross domestic product fell at a seasonally adjusted 1.0% annual rate April through June, the Commerce Department said Friday in the first estimate of second-quarter GDP.
The pace of contraction has slowed. It fell 6.4% in the first quarter and 5.4% in the fourth quarter.
Jul 31 · 10:02:00 AM · Source: Wall Street Journal
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by Rich Pike
Unemployment
USA Today is reporting that unemployment rates rose from May to June in 348 of more than 370 metro areas, according to an Associated Press analysis of Labor Department data released Wednesday.
The Labor Department does not provide seasonally adjusted metro area unemployment data. It does adjust the national unemployment rate for seasonal factors. The U.S. jobless rate, which hit 9.5% in June, is expected to rise to 9.7% when the department reports the July rate next week.
Jul 30 · 5:21:00 PM · Source: USA Today
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by Rich Pike
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