Transportation Archive

Producer Prices, Industrial Production, Rail Traffic, Container Exports

This is not a reason to hike rates, but the Fed has other reasons beginning with their mistaken belief that the current policy is ‘highly accommodative’ and potentially inflationary, etc. etc. etc. when the opposite is the actual case: Up a bit more than expected, but all due to auto production, and ...Read More

Retail Sales, Jobless Claims, Import Export Prices, Business Inventories, Japan Machine Orders, Freight Transportation, Gas Prices

This is being touted as a strong report, but, again, looks to me like it’s dropped since year end and at best is moving sideways from there, and not to forget that a large share of auto sales are imports. But I do agree the Fed is heck bent on raising rates ...Read More

Jobs, Atlanta Fed, Rail Traffic

The Fed is looking for ‘some improvement’ in the jobs market. But looks like deterioration to me? The number of jobs fell for the second straight month, the year over year growth rate continued to fall, the unemployment rate and the participation rate were unchanged, earnings growth remains very low. All that ...Read More

PMI Manufacturing Index, New Home Sales, Redfin Real Estate Report, Rail Traffic

source: Econoday.com Highlights The manufacturing PMI is holding steady, coming in at a composite 53.8 in the July flash and right in line with the 54.0 final reading for June and June’s 53.4 flash. Though respectable, these are soft rates of growth for this report which runs hot relative to other manufacturing ...Read More