Inflation Archive

Mtg Purchase Apps, CPI, Home Builder’s Index, Euro Area Balance of Trade, CEO Outlook

Looking like it’s turned south: MBA Mortgage Applications Fed continues to fail to sustain enough aggregate demand to meet it’s 2% inflation target: Consumer Price Index Highlights Consumer prices came in soft in August and will not be turning up the heat on the doves at the FOMC. Pressured by gasoline, the ...Read More

Producer Price Index, Consumer sentiment, Italy IP

United States : PPI-FD Down again, and not wrong to say it peaked shortly after oil prices collapsed. See chart below: United States : Consumer Sentiment Highlights Just when you think you’ve gotten through the week, consumer sentiment dives and, perhaps, tips the balance against a rate hike. The mid-month September flash ...Read More

JOLTS, Redbook retail sales, Mexican inflation

More openings, same quits, fewer hires. Whatever all that means… United States : JOLTS Highlights Job openings were up sharply in July, to 5.753 million from an upwardly revised 5.323 million in June. The job openings rate rose to 3.9 percent in July following three prior months at 3.6 percent. Professional & ...Read More

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