Thursday, August 27, 2015

POSTED: Thursday, August 27, 2015, 1:41 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:  Revised Second Quarter GDP, July Pending Home Sales and Weekly Jobless Claims

KEY DATA:  GDP: +3.7% (up from 2.3%); Private Domestic Demand: +3.3%/ Pending Home Sales: +0.5%/ Claims: 271,000 (down 7,000)

IN A NUTSHELL:   “Given the strong economy, if the equity markets were not so crazy, everyone would be saying the Fed should tighten in September.”

POSTED: Tuesday, August 25, 2015, 3:52 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:  August Consumer Confidence and Philadelphia Fed Survey, July New Home Sales and June Home Prices

KEY DATA:  Confidence: +10.5 points; Home Sales: +5.4%; Phila. Fed: +7.3 points: National Home Prices (Year-over-Year): +5%

IN A NUTSHELL:  “It is hard to make the case that the stock market mess has anything to do with the U.S. economy as the data are all pointing to solid growth.”

POSTED: Thursday, August 20, 2015, 1:05 PM
In this June 10, 2015, photo, job seekers get information at a job fair in Sunrise, Fla. The Labor Department releases weekly jobless claims on Thursday, Aug. 20, 2015. (AP Photo/Alan Diaz)

INDICATOR: July Existing Home Sales and Leading Indicators, August Philadelphia Fed Survey and Weekly Jobless Claims

KEY DATA: Home Sales: +2%; Prices: +5.6%/ LEI: -0.3%/ Phila. Fed: 2.6 points/ Claims: +4,000

IN A NUTSHELL: "This may not be a booming economy, but the growth is widespread."

POSTED: Tuesday, August 11, 2015, 9:54 AM
FILE - In this July 27, 2015 file photo, cook Bulmaro Sosa, right, goes over a food order with server Zachary DeYoung at an Ivar's restaurant in Seattle. The Labor Department releases second-quarter productivity data on Tuesday, Aug. 11, 2015. (AP Photo/Elaine Thompson, File)

INDICATOR: Second Quarterly Productivity and July Small Business Optimism

KEY DATA: Productivity: +1.3%; Manufacturing: Unit Labor Costs: +0.5%; Real Compensation: -1.1%/ NFIB Optimism Index: +1.3 points

IN A NUTSHELL: "Productivity remains tepid and that puts pressure on earnings and ultimately prices."

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.”

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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