Saturday, August 1, 2015

POSTED: Thursday, July 30, 2015, 2:12 PM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  Second Quarter GDP and Weekly Jobless Claims

KEY DATA:  GDP: +2.3%; Consumption: +2.9%; Investment: -0.6%; Private Domestic Demand: +2.5%; Consumer Inflation: +2.2%; Excluding Food and Energy: +1.8%/ Jobless Claims: +12,000

IN A NUTSHELL:  “Moderate growth and a slight firming in inflation don’t provide either side of the rate-hike debate with much ammunition.”

POSTED: Wednesday, July 29, 2015, 3:26 PM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

July 28-29 ‘15 FOMC Meeting

IN A NUTSHELL:  “The labor market continued to improve, with solid job gains and declining unemployment.”

RATE DECISION: Fed funds rate maintained at a range between 0% and 0.25%

POSTED: Monday, July 27, 2015, 11:56 AM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  June Durable Goods Orders

KEY DATA:  Orders: +3.4%; Excluding Aircraft: +0.1%; Private Investment: +0.9%

IN A NUTSHELL:  “Businesses are investing again, another indication that the weakest link, manufacturing, could be starting to come back.”

POSTED: Thursday, July 23, 2015, 12:31 PM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  June Leading Indicators and Weekly Jobless Claims

KEY DATA:  LEI: +0.6%/ Claims: -26,000

IN A NUTSHELL:  “With jobless claims hitting the lowest level in over forty-one years and indicators of future growth soaring, we are seeing clear signs that the economy is in really good shape.”

POSTED: Wednesday, July 22, 2015, 2:55 PM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  June Existing Home Sales

KEY DATA:  Sales: +3.2%; Prices: +6.5%

IN A NUTSHELL:  “Dear Janet:  The housing and labor markets are in great shape, so what are you waiting for?  Your friend.  –Joel”

POSTED: Thursday, July 2, 2015, 1:06 PM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  June Employment Report and Weekly Jobless Claims

KEY DATA:  Payrolls: +223,000; Revisions: -60,000; Unemployment Rate: 5.3% (down 0.2 percentage point); Hourly Wages: 0%/ Claims: 281,000 (down 10,000)

IN A NUTSHELL:   “The July 4th weekend didn’t start with a bright display of exploding employment.”

POSTED: Monday, June 29, 2015, 1:00 PM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  May Pending Home Sales

KEY DATA:  Sales: +0.9%

IN A NUTSHELL:   “With households signing contracts to buy homes at a growing pace, we should see even better housing sales in the months ahead.”

POSTED: Thursday, June 25, 2015, 12:56 PM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  May Spending and Income and Weekly Jobless Claims

KEY DATA:  Consumption: +0.9%; Income: +0.5%; Inflation: +0.3%; Excluding Food and Energy: +0.1%/ Claims: +3,000

IN A NUTSHELL:  “Consumers have the money to spend and they are doing just that.”

About this blog
Joel L. Naroff is the president and founder of Naroff Economic Advisors, a strategic economic consulting firm in Bucks County. He advises companies across the country on the risks and opportunities that economic developments may have on the organization’s operating environment. An accomplished public speaker, Joel’s humor and unique ability to make economics understandable have brought him a wide following. Reach Joel L. at joel@naroffeconomics.com .

Joel L. Naroff
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