Chicago Fed Index at Lowest in Past 12 months.

Chicago Federal Reserve National Activity Index (March 2015)

- Level  -0.42. Previous was -.18
- 3 Month Moving Average  -0.27. Previous was -.12.

This is a weighted average of 85 economic indicators.
 

CPI on Target at +1.8%.

Consumer Price Index  (March 2015) – CPI overall month/month +0.2%. Previous was +0.2% – CPI overall year/year   +0.0%. Previous was -0.1% – CPI core (less food & energy) month/month  +0.2%. Previous was +0.2% – CPI core (less food & energy) year/year  +1.8%. Previous was +1.7%. Consumer Sentiment (April 2015) – Sentiment  95.9. Previous was 93.0. […]

 

Housing Starts Remain Weak

Housing Starts (March 2015) – Starts seasonally adjusted, annualized 926,000. Previous was 908,000 – Permits seasonally adjusted, annualized   1,039,000.  Previous was 1,102,000. Two points can be derived from this:  1) the month-on-month increase was weather related.  The NE had a gain of 114.9%.  The West fell 19.3%. 2) the Housing sector is still dismal.  Starts […]

 

Mortgage Applications down after 3 Weeks of Gains.

MBA Mortgage Applications (week ended 4/10/2014) – Purchase Index Week/Week -3.0%. Previous weeks were +7.0%, +6.0%, +5.0%, -2.0%, +2.0%, -0.2%, +5.0%, -7.0%, -7.0%, -2.0%, -0.1%, -3.0%, and +24.0%. – Refinance Index Week/Week -2.0%.Previous weeks were -3.0%, +4.0%., +12.0%, -5.0%, -3.0%, -0.2%, +1.0%, -16.0%, -10.0%, +3.0%, -5.0%, and +22.0%. – Composite Index Week/Week -2.3%. Previous weeks […]

 

Retail Sales up but Less than Expected.

PPI-FD (March 2015) – PPI-FD month/month +0.2%. Previous was -0.5% – PPI-FD year/year    -0.8 %. Previous was  -0.7% – PPI-FD core (less food & energy) month/month  +0.2%. Previous was -0.5 – PPI-FD core (less food & energy) year/year +0.9%. Previous was +1.0% – PPI-FD less food, energy & trade services month/month  +0.2%. Previous was +0.0% […]

 

Lack of Inflation Could Mean no Fed Hike Soon

Import and Export Prices (March 2015)    – Export Prices month/month +0.1%. Previous was -0.2%. – Export Prices year/year -6.7%. Previous was -5.9% – Import Prices month/month -0.3%. Previous was +0.2% – Import Prices year/year -10.5%. Previous was -9.4%. Inflation is not happening and consequently there is no present pressure on the Federal Reserve to […]

 

Initial Jobless Claims Remain Low.

Initial Jobless Claims (week ended 4/4/2015) – New Claims seasonally adjusted 281,000. Previous was 267,000. – New Claims unadjusted, totaled 253,016 an increase of 13,269 from previous – 4-week Moving Average seasonally adjusted   282,250. Previous was 285,240 Last week’s BLS report was a reminder that low Initial Claims do not translate into sizable jobs gains. […]

 

Purchase Applications up.

MBA Mortgage Applications (week ended 4/3/2014)   – Purchase Index Week/Week +7.0%. Previous weeks were +6.0%, +5.0%, -2.0%, +2.0%, -0.2%, +5.0%, -7.0%, -7.0%, -2.0%, -0.1%, -3.0%, +24.0%, and -5.0%. – Refinance Index Week/Week -3.0% Previous weeks were +4.0%., +12.0%, -5.0%, -3.0%, -0.2%, +1.0%, -16.0%, -10.0%, +3.0%, -5.0%, +22.0%. and +66.0%. – Composite Index Week/Week +0.4%. […]

 

Job Openings Keep Increasing.

Redbook (week ended April 4, 2015) – Store Sales year/year  +3.4%. Previous was +3.0%. This tells us that Easter just happened.  The moving nature of the Easter holiday makes this less meaningful as an indicator of the health of the economy.   JOLTS (February 2015) – Job Openings 5,133,000. Previous was 4,965,000. This is the […]

 

More Concern about Jobs Market.

PMI Services Index (March 2015) – Level  59.2. Previous was 571. This is a leading indicator of business level in the service sector.   Labor Market Conditions Index (March 2015) – Index -0.3. Previous was +2.0. This is a relative new Index published by the Federal Reserve.  The index has dropped 3 consecutive months and […]

 
 
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