- GDP QoQ Annualized (Released 8:30 EST)
- Personal Consumption (Released 8:30 EST)
- GDP Price Index (Released 8:30 EST)
- Core PCE QoQ (Released 8:30 EST)
- Initial Jobless Claims (Released 8:30 EST)
- Continiuing Jobless Claims (Released 8:30 EST)
- Help Wanted Index (Released 10:00 EST)
- Existing Home Sales (Released 10:00 EST)
- Existing Home Sales MoM (Released 10:00 EST)
- Existing Home Sales Median Price (Released 10:00 EST)
- Existing Home Sales Median Price YoY (Released 10:00 EST)
- Existing Home Sales Inventories (Released 10:00 EST)
GDP QoQ Annualized (1Q F)
Survey | 1.0% |
Actual | 1.0% |
Prior | 0.9% |
Revised | n/a |
As expected. Weak but no recession.
Personal Consumption (1Q F)
Survey | 1.0% |
Actual | 1.1% |
Prior | 1.0% |
Revised | n/a |
A touch better than expected with further improvement in Q2 still expected.
GDP Price Index (1Q F)
Survey | 2.6% |
Actual | 2.7% |
Prior | 2.6% |
Revised | n/a |
A bit worse than expected.
Core PCE QoQ (1Q F)
Survey | 2.1% |
Actual | 2.3% |
Prior | 2.1% |
Revised | n/a |
More than a bit worse than expected.
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GDP better than expected, and inflation worse than expected was reflected in the Fed statement, but not in Fed action.
Initial Jobless Claims (Jun 21)
Survey | 375K |
Actual | 384K |
Prior | 381K |
Revised | 384K |
Unchanged from the previous week’s report that was revised up some. Still in the new range.
Continiuing Jobless Claims (Jun 14)
Survey | 3105K |
Actual | 3139K |
Prior | 3060K |
Revised | 3057K |
A little worse than expected, prior week revised down marginally.
Weak, but no recession yet.
Help Wanted Index (May)
Survey | 19 |
Actual | 17 |
Prior | 19 |
Revised | 18 |
All evidence shows labor markets still soft.
Existing Home Sales (May)
Survey | 4.95M |
Actual | 4.99M |
Prior | 4.89M |
Revised | n/a |
Continuing signs of a bottom.
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Levels are too low given demographics and should recover substantially even with a weak market.
Existing Home Sales MoM (May)
Survey | 1.2% |
Actual | 2.0% |
Prior | -1.0% |
Revised | n/a |
Better than expected.
Existing Home Sales Median Price (May)
Survey | n/a |
Actual | 208.6 |
Prior | 201.2 |
Revised | n/a |
The upturn in prices wasn’t even reported by the mainstream press while the downturns were sensationalized.
Existing Home Sales Median Price YoY (May)
Survey | n/a |
Actual | -6.3% |
Prior | -8.5% |
Revised | n/a |
Year over year price declines are far less than the case-shiller index which reports only on the largest metro areas. OFHEO prices declined even less year over year. Again, the mainstream media doesn’t report this and continues to repeat case-shiller numbers.
Existing Home Sales Inventories (May)
Survey | n/a |
Actual | 4.485 |
Prior | 4.549 |
Revised | n/a |
I thought the last spike up was suspect- might have had something to do with foreclosures hitting the list- and may now be turning down as well, following the actual numbers of new homes for sale which has been falling rapidly.
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