Stampeding shoppers woken by a ‘coked up rooster’ go nuts for post-Thanksgiving bargains. Hey, whatever helps the economy…
Posts Tagged ‘Consumer Spending’
Rates up again on better than expected October retail sales of +1.2%
Today’s October retail sales numbers are again positive and rates continue last week’s up trend as a result. GDP forecasts depend on an accelerating pace of consumer spending, thus the importance of today’s retail sales number which followed September’s .7% increase. October Retail Sales were up 1.2%, ex-auto it was +.4%. Meanwhile the October Empire [...]
Rates End Week Up Slightly. GDP Improves To 2%. See GDP Early Crisis To Present.
Rates were extremely volatile this week. In the previous few weeks rates improved on quantitative easing chatter, and then moved higher earlier this week, then improved slightly after this week’s last Treasury auction: a nice $29 billion 7yr sale yesterday. Following the better-than-expected auction traders saw buying from money managers, hedge funds, insurance companies, some [...]
Rates Drop Again As Fed’s Preferred Inflation Gauge Is Flat In May. Savings Rate Up To 4%. (TABLE)
Rates continue their run down this morning on doubts about the economy and the latest inflation report confirming tame prices. Overall Personal Consumption Expenditures, the Fed’s favorite measure of consumer inflation, were 0.2% in May and 1.9% year-over-year through May. Excluding volatile oil and food costs from the readings, “Core” PCE price index was unchanged [...]
Worse 1Q GDP Helps Rates, Analysis of GDP Last 2.5yrs
The third of three 1Q2010 GDP readings came in today at 2.7% which makes the final reading .5% lower than the initial reading, and it’s now even more significantly lower than 4Q’s +5.6% reading. Stocks lost ground and mortgage bonds rallied on the news, which helped mortgage rates hold onto record lows. The consumer spending [...]
Rates Better As Fed’s Favorite Inflation Measure Is Tame In April. Savings Rate At 3.6%. (CHARTS)
Rates are slightly better today following a key inflation report this morning. Overall Personal Consumption Expenditures, the Fed’s favorite measure of consumer inflation, were unchanged in April and 2% year-over-year through April. Excluding volatile oil and food costs from the readings, “Core” PCE price index was 0.1% for April and 1.2% YOY through April. The [...]
Rates Worse On China’s Europe Support, Paltry Treasury Auctions. GDP Analysis Last 2.5 Years.
3-Week Rate Dip Ends On China’s European Commitment After enjoying a multi-week rally that brought mortgage rates to record lows since the Greek bailout-induced stock crash May 6, mortgage bonds are down significantly today (currently -44 basis points). As of now rates are up about .125% with mortgage bond pricing suggesting worse if today’s trading [...]
Fed’s Favorite Inflation Measure Tame In March. Consumer Spending Up Most In 5mo.
Overall Personal Consumption Expenditures, the Fed’s favorite measure of consumer inflation, were 0.1% in March and 2% year-over-year through March. Excluding volatile oil and food costs from the readings, “Core” PCE price index for March was 0.1% and 1.3% YOY through March. The Fed looks closely at Core PCE excluding food and energy prices because [...]
Rates Better After 1Q2010 GDP +3.2%, Consumer Spending +3.6%. View GDP Last 10 Quarters.
The first of three 1Q2010 GDP readings came in today at +3.2%, lower than 4Q’s +5.6% reading but still seen as a positive economic growth number, especially since consumer spending was +3.6% vs. +1.6% in 4Q. Last quarter, it became official that we’ve had two consecutive quarters of GDP growth—following four consecutive quarters of economic [...]
March Core CPI 1.1% YOY, Inflation Tame. Retail Sales +1.6% , Consumer Spending Up. Rates Net Even (CHARTS)
The US Consumer Price Index, which measures inflation at the consumer level of the economy, was nearly flat at 0.1% in March and 2.3% year-over-year through March. Excluding volatile oil and food costs from the readings, “Core” CPI for March was unchanged and increased 1.1% YOY through March. Consumer inflation for the month is within [...]
