Inflation Archive

euro area trade, housing comments, consumer prices

Continues very strong. This is for member using the euro: Size of New Homes in U.S. Shrinks by One Closet By Kris Hudson Aug 18 (WSJ) — Of the 206,000 homes that went under construction in the second quarter, the median size was 2,479 square feet. That was 40 square feet smaller—or ...Read More

GDP Income, Saudi Oil Output, Restaurant Index

BEA Reports 2nd Quarter 2015 GDP Growing at 2.32%: By Rick Davis July 30 (Consumer Metrics) Real annualized per capita disposable income was reported to be $37,846, some -$364 per year less than the previously reported $38,210 per annum. All of that downside came as a result of revisions to the prior ...Read More

Consumer Sentiment, producer prices, summer jobs

Yes, it’s a bit of a rebound from last month, and being touted as proof of a strong recovery, but it also looks like the drift down may still be in progress, much like the consumer sales showed disturbingly declining rates of annual growth even though the recent release was an uptick: ...Read More

CPI

Today’s markets reacted entirely to the .3 increase in core CPI which was actually 0.26 which rounded to 0.3. This, for example, caused the dollar to gap up for the day vs the euro, as traders and portfolio managers acted on the beliefs that it made a Fed hike more likely to ...Read More

claims, producer prices, euro comments, public sector jobs

Just a reminder, claims measure those losing jobs who file for benefits, not new hires: Jobless Claims The euro has been moving higher vs the dollar, as CB selling winds down as they reach the lower limits of their reserve targets along with fundamental support from a large and growing EU current ...Read More

So Cal home sales, Carter and the inflation of the 70’s

Up a bit vs March last year so no boom yet: CoreLogic (formerly DataQuick data): SoCal sales up 5.0% Year-over-year By Bill McBride April 20 (Calculated Risk) — CoreLogic released the Southern California report today for March (CoreLogic acquired DataQuick). The data shows 18,156 new and resale houses and condos sold in ...Read More

Chicago Fed, EU CPI

Who would have thought? Chicago Fed National Activity Index Highlights March was not a good month for the economy, an assessment confirmed by the national activity index which fell steeply to minus 0.42 vs an already weak and downwardly revised minus 0.18 in February. And the first quarter as a whole was ...Read More

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 Highlights 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 ...Read More

Atlanta Fed, Producer prices, Consumer Sentiment

First, the economic releases have continued to lower the Atlanta Fed’s Q1 GDP estimate now down to only .6%: My narrative seems to be holding- the drop in oil prices has lowered total spending below ‘stall speed’, after energy related spending chasing $90 oil was what kept it positive for the last ...Read More

Jobless Claims, Durable goods, house prices, cpi

I still don’t see any evidence of a ‘boost’ from lower oil prices. If anything, it’s all gotten a lot softer instead… Jobless Claims Durable Goods Orders Capital Goods Shipments ex Air Y/Y: ...Read More