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Don’s Notebook June 22, 2018 The Purchasing Manager's Index (PMI) Composite Flash Index provides an early estimate of current private sector output by combining information obtained from surveys of around 1,000 manufacturing and service sector companies. A pick up in...
Economic data have been picking up strength but this was not anticipated in today's Federal Reserve Industrial Production report. A big drop in autos pulled industrial production lower in May, slipping 0.1 percent. Manufacturing volumes fell 0.7 percent, pulled down...
Yesterday's FOMC statement said household spending has picked up indicating strength for today's retail sales report. Confirmation came this morning in the US Commerce Department’s Retail Sales report. Retail sales jumped 0.8 percent in May topping most estimates. And...
The Federal Open Market Committee is expected to announce a quarter-point increase in interest rates when it publishes its decision at 2:00 p.m. Eastern Time today. If that happens, investor focus could turn to the dot-plot projections for clues concerning further...
Any new pressure in core consumer prices in the CPI would be an unknown today, but markets are certain to focus on the outcome of the U.S.-North Korean summit. The Consumer Price Index showed prices moved slightly higher in results for May that were in line with...
There is a good chance that today’s market focus will be more on the upshot of the weekend's G-7 meeting, and the Singapore summit between President Trump and North Korean dictator Kim Jong Un which is due to begin at 9:00 p.m. ET. On Wednesday the Federal Reserve...
This morning’s Wholesale Trade report from the U.S. Department of Commerce will highlight inventories which have been building at a steady pace in line with underlining sales and adding to GDP. Wholesale sales and inventory data give investors a chance to look at the...
The US Department of Labor Jobless Claims report offered a very useful signal of labor market strength in May which foreshadowed last week's employment report and 3.8 percent unemployment rate. Initial claims totaled 222,000 in the week of June 2nd with the 4-week...
Today's International Trade report for April from the US Department of Commerce offers details on the first tariff effects. Overall, exports rose 0.3 percent in the month to $221.2 billion with goods, led by a gain for industrial supplies and also food, up 0.2 percent...