DATA FLASH: US MANUFACTURING CONDITIONS EXPAND FURTHER
–ISM Mfg Index Falls Slightly to 55.4 in September, Below Expectations–Aug Construction Spending Stronger Than Expected;, Residential Surge–Personal Income Falls on Waning Benefits; PCE Gains Slowing–Initial Claims Decline Further; Continuing Claims Lowest Virus Count By Kevin Kastner WASHINGTON (MaceNews) – The September ISM index Thursday showed U.S. manufacturing sector activity expanded further, but at a […]
DATA FLASH: US SECOND QUARTER GDP REVISED UP TO -31.4%
––Second Quarter PCE Revised Up to -33.2% From -34.1% Previously By Kevin Kastner WASHINGTON (MaceNews) – Second quarter U.S. GDP Wednesday was revised up slightly due to upward adjustments to consumption and residential fixed investment. Analysts will look past this data and toward the third quarter’s likely partial recovery. Second quarter GDP was revised up […]
STATUS CHECK: THE GREAT DEBATE DRAWS THE NAT’L GUARD TO CLEVELAND
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes. Finally, the time has arrived for the Great Debate. Americans will be making popcorn, waiting to witness the Tuesday night battle of the major political gladiators of our time. The American Demosthenes vs. […]
STATUS CHECK: SOLEMNITY AND THE USUAL DISCORDANT NOTES
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes. The quiet day-long procession of Americans paying respect to Ruth Bader Ginsburg was the day’s solemn background music, an impressive tribute to a remarkable woman. And then President Trump came by, wearing a […]
DATA FLASH: US INITIAL CLAIMS IN TIGHT RANGE; NEW HOME SALES SURGE
–Initial Claims Rise By 4,000 to 870,000; 4-Week Average Declines Further–New Home Sales Up 4.8% to 1.011 Million SAAR in Aug, High Since 2006 By Kevin Kastner WASHINGTON (MaceNews) – Initial claims rose by 4,000 in the September 19 week to a level of 870,000, below the 880,000 level expected and within the same narrow range […]
DATA FLASH: U.S. EXISTING HOME SALES HIGHEST SINCE HOUSING BOOM
–Existing Home Sales Rise by 2.4% to a 6.00 Million Rate By Kevin Kastner WASHINGTON (MaceNews) – U.S. existing home sales rose further in August due to near record low mortgage rates, cutting into supply and driving prices up further. National Association of Realtors Chief Economist Lawrence Yun said that housing appears to be in […]
DATA PREVIEW: HOUSING SECTOR FUELED BY LOW RATES
By Kevin Kastner WASHINGTON (MaceNews) – While the retail and manufacturing sectors continue to improve from their spring lows, neither have received the benefits of record low interest rates as much as the housing sector. In the upcoming light data week, August home sales data will take center stage. After double digit gains in July, […]
STATUS CHECK: MORE ROUTINE JOBLESSNESS, POLITICAL SLURS
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes: The news of the day was pretty routine. Another former White House insider, Olivia Troye, accused President Trump of being a hypocrite and in turn was described by the White House as just […]
DATA FLASH: AUGUST HOUSING STARTS SLOW DUE TO DROP IN MULTIFAMILY
–Housing Starts Fall By 5.1% to 1.416 Mln SAAR, But Single-Family Up 4.1%–Initial Jobless Claims Fall 33,000 to 860,000 in September 12 Week–Philadelphia Fed Index Slips to 15.0 in September Vs 17.2 August By Kevin Kastner WASHINGTON (MaceNews) – The U.S. August home building data, released Thursday, were weaker than expected. However, the data represent […]
STATUS CHECK: VACCINES, BIG 10, 2% INFL – ALL ON THE WAY
WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes: Wednesday and it seems the world is singing the old Bob Gibson song, “That’s the Way It’s Gonna Be,” also recorded by Bob Denver, The Chad Mitchell Trio, Jose Feliciano and many more. […]