This week Fed Chair Janet Yellen did not surprise anyone as she pointed out the disappointing readings on housing activity and its potential risk to the Fed's baseline economic outlook.…
jeremyMay 9, 2014
Looking For Cracks
The 10 Year Treasury Note seems to have settled down onto a floor of support at 5.29%. The good news…
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First Quarter Productivity declined by 1.7%, while the Unit Labor Cost rose 4.2%. So it's getting more expensive to receive fewer results...sounds like the government... Speaking of the government, in…
jeremyMay 7, 2014
The Bureau of Labor Statistics reports this morning that there were 288,000 new jobs created last month in the United States, the largest gain since January 2012. This drops the unemployment rate…
jeremyMay 2, 2014
It's Fed day. Their monetary policy statement will be read in two hour's time. It will be interesting to see if they address the GDP report released this morning at…
jeremyApril 30, 2014
The Commerce Department reports that the home ownership rate in the US is currently at an 18 year low of 65%. Since 2008 there have been almost 5 million homes…
jeremyApril 29, 2014
The number of New Home Sales plunged 14.5% from last month to 384K per annum, well below the 455K units forecast to be sold. This is the lowest reading since…
jeremyApril 23, 2014
RealtyTrac just published this chart showing the monthly cost of renting versus owning a home across the country. As of today, rents in Salt Lake County are more expensive than…
jeremyApril 18, 2014
The outlook for Manufacturing is bright and sunny this beautiful spring morning. The Philly Fed survey comes in at 16.6, almost double the expected number. For this index, 0.0 represents…
jeremyApril 17, 2014
After taking a mild dive last month, Housing Starts are up 3% in March to an annualized rate of 946,000 new units, missing expectations but still a positive. On the…
jeremyApril 16, 2014
The Consumer Price Index rose 0.2% in March, double the analysts expectations, but right in line with policy makers' target increase to keep inflation growing at 2.0-2.5% per year. NAHB Housing…
jeremyApril 15, 2014
The official Jobs Report released today shows that while the Unemployment Rate remained at 6.7% and new job creation slowed to 192,000, the Labor Participation Rate rose a fraction of a percent…
jeremyApril 4, 2014
"The U.S. economy is still considerably short of the two goals assigned to the Federal Reserve by the Congress of low and stable inflation and maximum sustainable employment." --Janet Yellen. …
jeremyApril 1, 2014
Durable Goods orders are up 2.2%, greater than the 1% increase expected, and larger than January's reading of 1.3%. Durable goods are the stuff we buy that should last longer…
jeremyMarch 26, 2014