Monthly Archive:: May 2008

2008-05-30 US Economic Releases

[Skip to the end] Personal Income (Released 9:30 EST) Personal Spending (Released 9:30 EST) PCE Deflator YoY (Released 9:30 EST) PCE Core MoM (Released 9:30 EST) PCE Core YoY (Released 9:30 EST) Chicago Purchasing Manager (Released 10:45 EST) U. of Michigan Confidence (Released 11:00 EST) NAPM-Milwaukee (Released 11:00 EST) Personal Income (Apr) ...Read More

2008-05-30 Data Recap

[Skip to the end] Karim writes:   Core pce up 0.1% m/m and unch at 2.1% y/y (recent high 2.5% in 2/07; recent low 1.9% in 9/07); 3mth annualized rate back to 1.9% Yes, the Fed welcomes this but is concerned about its forecasts given food/energy/import/export prices and pipeline pressures.   Headline ...Read More

U.S. May Final Consumer Confidence: Summary (Table)

[Skip to the end] US May Final Consumer Confidence TABLE Interesting how current conditions improved while expectations fell, probably due to expected higher prices. It’s all about inflation now. [top] ...Read More

ICSC Survey

[Skip to the end] Karim writes: The ICSC weekly chain store sales index was unchanged for the week ending May 24 compared with the prior week and rose by 1.5% from the same week of the prior year–steady with the prior week. The ABC News/Washington Post Consumer Comfort Survey for the period ...Read More

Dow Jones: Housing Starts

[Skip to the end] Housing Starts Down 8.7% In April (Dow Jones) Japan’s housing starts fell 8.7% in April from a year earlier to 97,930 units, the Ministry of Land, Infrastructure and Transport said Friday. The result was better than the 11.0% decline forecast by a Dow Jones and Nikkei poll of ...Read More

Re: Midcurve steepener – The unusual nature of the current USD selloff

[Skip to the end] (an interoffice email) On Thu, May 29, 2008 at 11:58 PM, Deep wrote: >    The attached charts shows the change in 3M Forwards for the USD curve from its >    lowest yield point this year (17Mar08) to today. >    >    In Chart 1, the changes are compared to ...Read More

2008-05-30 EU News Highlights

[Skip to the end] Highlights European Inflation Accelerates More Than Forecast as Oil Surges Note the concern over inflation expectations in the text below. That’s what has turned the Fed as well. German Retail Sales Unexpectedly Dropped on Inflation Weber Rules Out Changing ECB’s Current Inflation Goal While the US economic memory ...Read More

2008-05-29 US Economic Releases

[Skip to the end] GDP QoQ Annualized (Released 9:30 EST) Personal Consumption (Released 9:30 EST) GDP Price Index (Released 9:30 EST) Core PCE QoQ (Released 9:30 EST) Initial Jobless Claims (Released 9:30 EST) Continuing Claims (Released 9:30 EST) Help Wanted Index (Released 11:00 EST) GDP QoQ Annualized (1Q P) Survey 0.9% Actual ...Read More

Reuters: Saudi Arabia Pumps Extra Oil to Match Demand

[Skip to the end] Saudi Pumps More Oil (Reuters) Top oil exporter Saudi Arabia has boosted supply to help meet the world’s need for fuel and may further increase output later if needed, a senior Gulf OPEC source said on Wednesday. Yes, they set price and then sell all that’s demanded at ...Read More

2008-05-28 US Economic Releases

[Skip to the end] MBAVPRCH Index (Released 7:00 EST) MBAVREFI Index (Released 7:00 EST) Durable Goods Orders (Released 8:30 EST) Durables Ex Transportation (Released 7:00 EST) MBAVPRCH Index (May 23) Survey n/a Actual 352.7 Prior 352.5 Revised n/a [top][end] MBAVREFI Index (May 23) Survey n/a Actual 2013.5 Prior 2210.5 Revised n/a Both ...Read More