Michigan Consumer sentiment, CPI, Texas employment, rail traffic, apartment market

Again, this is one man one vote, not one dollar one vote:

Consumer Price Index
Higher energy prices coming up from low levels boosted the CPI. But the trend is still soft. Overall consumer price inflation rose 0.2 percent after rebounding 0.2 percent in February. The March figure equaled analysts’ forecast for a 0.2 percent gain. Energy increased 1.1 percent after gaining 1.0 percent in February. Gasoline prices increased 3.9 percent after rebounding 2.4 percent in February after plummeting 18.7 percent in January, Food slipped 0.2 percent after rising 0.2 percent in February. Excluding food and energy, consumer price inflation posted at a 0.2 percent increase, following a 0.2 percent rise for February. Analysts forecast a 0.1 percent gain.

Within the core, along with the shelter index, a broad array of indexes rose in March, including medical care, used cars and trucks, apparel, new vehicles, household furnishings and operations, and recreation. The index for airline fares, in contrast, declined for the fourth time in the last 5 months.

On a seasonally adjusted basis, the headline CPI was essentially unchanged after being down 0.1 percent in February on a year-ago basis. Excluding food and energy, the year-ago rate was 1.8 percent versus 1.7 percent February. Essentially, the trend in inflation is still sluggish and will allow the Fed to not hurry rate increases.

The Texas Workforce Commission reported that non-farm payroll employment in the Lone Star State declined by 25,400 (or -0.22%) on a seasonally adjust basis in March, the first monthly decline since September 2009 and the largest monthly decline since August 2009. Declines were broad-based from an industry perspective, with mining and logging, construction, manufacturing, and the service-producing sectors all experiencing a monthly dip in employment.

Rail Week Ending 11 April 2015: Continued Weakness In Rail Data

(Econintersect) — Week 14 of 2015 shows same week total rail traffic (from same week one year ago) again declined according to the Association of American Railroads (AAR) traffic data. Intermodal traffic, which accounts for half of movements, is growing year-over-year – but weekly railcar counts remain in contraction. Rail traffic remains surprisingly weak.

This still looks reasonably loose to me: