The market will be providing a cornucopia of data this week centered on Tuesday and Wednesday, which you can mull over as you begin brining your turkeys—as an aside here’s the recipe I will be following this year. Also, I wrote an interesting column on Friday for Real Money titled ‘Talking Turkey on Agricultural Trends’ […]
Archive:
PCE
Personal income rose 0.2% in August, after rising 0.2% in July. Personal consumption expenditures climbed 1.3%, versus a 0.3% increment in July. Most of August’s strength was due to increased durable goods purchases (+5.3) stemming from the residual effect from the US government’s Cash for Clunkers program. Nevertheless, the consumption of services reached an 11 […]
Personal Income fell 1.3% in June, compared to a revised increment of 1.3% in May. This decline was likely due to continue weakness in the labor market coupled with a reduction in government transfers through stimulus payments. May’s data included several one-time government payments to eligible individuals that totaled US$157.6bn at an annual rate. June’s […]
Inflation, we have been talking about, the market has been talking about it, but has the Fed? In short the answer is yes, but it appears the market may not think so. For the first time since its introduction in 1997, the 5-year TIP traded at a negative yield, implying a significant lack of confidence […]
*Sorry for the delay in posting we were experiencing serious computer issues One of the questions on everybodys’ minds is how high would inflation need to go before the Fed would reconsider any further rate cuts. During the recent months’ we have seen increasing down side risks to the US growth forecast, while at the […]