Recap the rate spike that hasn’t hit mainstream media yet. Also stat rundown: jobs, manufacturing, inflation, consumer spending
Retail Traffic Magazine is all over holiday stats and links.
Consumer Income, Spending, Inflation (June) -Personal Income Month/Month: +0.1% -Personal Income Year/Year: 5.0 % -Consumer Spending Month/Month: -0.2% -Consumer Spending Year/Year: 4.4% -Core PCE Price Index Month/Month: 0.1% -Core PCE Price Index Year/Year: 1.3% -“PCE” is Personal Consumption Expenditures: a measure of consumer inflation -Income grew by smallest amount in 9 months -Spending slowed first
Consumer Income, Spending, Inflation -Personal Income: Month-May 0.3% -Personal Income: Year-May 4.2% -Consumer Spending: Month-May 0.0% -Consumer Spending: Year-May 4.7% -Personal Savings Rate: Month-May 5.0% -All PCE price index: Month-May 0.2% -Core PCE price index: Month-May 0.3% -All PCE price index: Year-May 2.5% -Core PCE price index: Year-May 1.2% -PCE (Personal Consumption Expenditures) is inflation
Personal Income/Expenses: – Personal Income – Month/Month change 0.4% – Personal Income – Year/Year change 4.4% – Consumer Spending – M/M change 0.4% – Consumer Spending – Year/Year change 4.8% – Core PCE price index – Month/Month change 0.2% – Core PCE price index – Year/Year change 1.0% Income growth is fairly strong but being
Stocks are up slightly and bonds are even today after slightly higher consumer inflation and better than expected pending home sales reports are washing each other out. This even-rate, higher-stock mood kicks off a big week of inflation, home price, and employment data that could push rates up. The Fed’s preferred measure of inflation, the
On Friday, a revolution and resulting chaos in Egypt caused U.S. rates (on 30yr fixed loans up to $417k) to drop .125% but Monday rates rose that amount, back to 4.875%, as mortgage bond traders re-focused on U.S. business inflation. The Chicago Purchasing Managers Index is one of many monthly manufacturing surveys done across the
Rates are down to about 4.75% today as turmoil in Egypt is causing stocks to fall and bonds to rise. The Dow is currently down 172 points and mortgage bonds are currently up 34 basis points (4% FNMA 30yr). When bond prices rise on this kind of rally, rates fall. HuffingtonPost has lots of Egypt
Good graphics from ReformedBroker via NielsenWire showing how job and inflation concerns influenced what consumers spent money on last quarter.
BusinessInsider just posted a good roundup of Black Friday holiday shopping stats from David Bodamer, chief editor since 2006 of Retail Traffic, a retail real estate trade magazine. Below are his quick summaries of data from core reports along with links to original reports. Bodamer’s full post also has highlights from each report and some