DATA PREVIEW: PROTESTS COMPLICATE FOMC STATEMENT AMID RECOVERY
By Kevin Kastner WASHINGTON (MaceNews) – After the May employment report showed slight improvement after the overwhelmingly negative April report, the attention in the week ahead turns to the monthly U.S. inflation reports and Wednesday’s FOMC meeting, as well as the first look at June consumer confidence. The FOMC meets Tuesday and Wednesday at a […]
DATA FLASH: US APRIL RETAIL SALES DOWN 16.4% AS CRISIS CONTINUED
–Non-store Retail Sales Rose 8.4%, Other Categories Down–Empire State Index Rose to -48.5 in May from -78.2 in April–Industrial Production -11.2%, Manufacturing -13.7% on Vehicles By Kevin Kastner WASHINGTON (MaceNews) – Social distancing continued in April, cutting further in almost every retail sale category, data released Friday morning showed. At the same time, industrial production […]
DATA FLASH: US RETAIL SALES PLUNGE 8.7% AS CONSUMERS STAYED HOME
–Food Store Sales Jump 25.6%, Most Other Categories Fall Sharply–Empire State Index Drops to -78.2 in April from -21.5 in March–Industrial Production Falls 5.4%, Manufacturing Down 6.3%, Lows Since 1946 By Kevin Kastner WASHINGTON (MaceNews) – As U.S. consumers heeded government warnings to remain home to mitigate the spread of COVID-19, and most business were […]