Roundup today's U.S. economic fundamentals. Rates within .125% of record lows.
PCE Deflator
Recap today's Fundamentals: construction spending, income, inflation, manufacturing stats.
Summary of Friday's fundamentals: personal income/spending, PCE inflation, consumer sentiment (forgot to click Publish yesterday!).
Recap the rate spike that hasn't hit mainstream media yet. Also stat rundown: jobs, manufacturing, inflation, consumer spending
Roundup today's stats: PCE Inflation, Personal Income & Spending, Dallas Fed Manufacturing
Roundup today's stats: PCE Inflation, Personal Income & Spending, Dallas Fed Manufacturing
Quick takes and charts on jobless claims, consumer inflation, mortgage applications, personal income/spending, durable goods orders.
Quick takes and charts on jobless claims, consumer inflation, mortgage applications, personal income/spending, durable goods orders.
Personal Income and Expenses (September 2011) -Personal Income, Month/Month +0.1% -Personal Income, Year/Year +4.4% -Consumer Spending, Month/Month +0.6% -Consumer Spending, Year/Year change 5.3% -Core PCE price index, Month/Month +0.0% -Core PCE price index, Year/Year +1.6% -PCE is an inflation measure weighted by actual consumer spending. -Real Disposable Income is still flat as evidenced in this
Personal Income and Expenses (September 2011) -Personal Income, Month/Month +0.1% -Personal Income, Year/Year +4.4% -Consumer Spending, Month/Month +0.6% -Consumer Spending, Year/Year change 5.3% -Core PCE price index, Month/Month +0.0% -Core PCE price index, Year/Year +1.6% -PCE is an inflation measure weighted by actual consumer spending. -Real Disposable Income is still flat as evidenced in this
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
Rates ended last week near 2011 lows achieved March 16 when Japan’s earthquake aftermath and Libya’s revolution were both at highly uncertain stages. Mortgage and Treasury bonds were the safe bet then, and rates dropped as those bond prices rose on buying rallies. Bonds then sold and rates rose as markets shook off Japan and
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
Flat consumer inflation and higher business inflation are canceling each other out this morning, leading to relatively flat mortgage bond trading. The result is rates (on 30yr fixed loans up to $417k) that are holding about 4.875%. We’ll discuss the debate between higher business inflation and flat consumer inflation throughout this week. For now here’s
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