Durable Goods orders are up 4.4%, quite a bit above expectations. Jobless Claims are down by a thousand, which also beats expectations. Those are two encouraging pieces of information, but what people really want to hear is the thoughts of one woman, who will be speaking at a symposium in the Cowboy State tomorrow about the future of interest rates. Fed Fund Futures are prognosticating a 21% chance of a rate hike in September and a 41% probability in November.
Foreclosure filings dropped by 10% in February, according to RealtyTrac, and are down 27% from this time last year.
Retail Sales rose 0.3%, marginally (as slim as you can get) above the 0.2% expected increase. Retail Sales is a massive contributor to economic growth because it make up about 1/3 of consumer spending in this country.
Weekly Jobless Claims fell by 9,000 to 315,000 new individuals filing for their first unemployment check last week.