Browsing: Economy

Economy

Household net worth increased $694.8 billion during the second quarter of 2015 to $85.7 trillion, a 0.8 percent increase from the first quarter, and a 4.6 percent increase from a year ago. Households’ holdings of nonfinancial assets increased during the second quarter, growing 1.9 percent. The majority of this increase came from real estate holdings,

Economy

The Federal Reserve Open Market Committee elected not to raise the federal funds rate in September. In a statement released post-meeting, the Fed once again stated that the U.S. economy showed signs of moderate expansion and labor market improvement. However inflation has continued to run below long-run objectives – in some part due to declines

Economy

Housing starts fell to a seasonally adjusted annual rate of 1.126 million, 3.0 percent below the revised July estimate of 1.161 million, but 16.6 percent higher than the August 2014 rate. Housing activity fell in three of the four regions, with starts falling 33.7 percent in the Northeast, 9.8 percent in the Midwest, and 1.1

Economy

The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) reached a level of 62 in September, the highest reading since October 2005. Two of the three index components posted gains on the month. Current sales conditions rose 1 point to 67, and the index measuring buyer traffic rose to 47, up 2 points

Economy

The Consumer Price Index decreased 0.1 percent in August. The decline was largely due to a sharp decline in the gasoline index. The index rose 0.2 percent over the last 12 months. The energy index declined 2.0 percent in August after posting gains for three consecutive months. Both the fuel oil and gasoline indices declined

Economy

There were $447.7 billion of retail and food services sales in August (after adjustment for seasonal variation and holiday and trading-day differences but not for price changes), an increase of 0.2 percent, according to the U.S. Census Bureau. Retail sales increased 2.2 percent from August 2014. Core retail sales – excluding automobiles and parts –

Economy

Industrial production decreased 0.4 percent in August, after increasing 0.9 percent in July. Total industrial production is at 107.1 percent of its 2012 level and 0.9 percent above its year-earlier level. Manufacturing output fell 0.5 percent in August primarily due to a large drop in motor vehicle parts. Mining, fell 0.6 percent on the month,

Economy

Inflation expectations decreased slightly at both the one year ahead and three year ahead levels, while earnings growth expectations were flat according to the New York Fed’s September Survey of Consumer Expectations (SCE). Median one-year ahead inflation expectations dropped 17 basis points to 2.79 percent in August, the second lowest reading of the year. The

Economy

Producer prices were unchanged in August after rising 0.2 percent, seasonally adjusted, in July according to the U.S. Bureau of Labor Statistics. August’s price stagnation in prices was attributable to an increase in prices for final demand services, offset by a decrease in prices for final demand goods. The index for final demand services increased

Economy

Consumer credit increased in July at a seasonally adjusted annual rate of 6.7 percent, rising to $3.45 trillion. Revolving credit rose at an annual rate of 5.7 percent to $915 billion, and non-revolving credit increased at an annual rate of 7.0 percent to $2.54 trillion. Total outstanding consumer credit increased by $19.1 billion, down from

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