Consumer spending pulled back in April by 0.1% after surging 1.0% in March, revised from the 0.9% initially reported; April's amount is up 4.3% y/y. A 0.2% rise was expected in the Action Economics Forecast Survey. Outlays on durable [...]
Introducing
Carol Stone, CBE
in:Our Authors
Carol Stone, CBE came to Haver Analytics in 2003 following more than 35 years as a financial market economist at major Wall Street financial institutions, most especially Merrill Lynch and Nomura Securities. She has broad experience in analysis and forecasting of flow-of-funds accounts, the federal budget and Federal Reserve operations. At Nomura Securites, among other duties, she developed various indicator forecasting tools and edited a daily global publication produced in London and New York for readers in Tokyo. At Haver Analytics, Carol is a member of the Research Department, aiding database managers with research and documentation efforts, as well as posting commentary on select economic reports. In addition, she conducts Ways-of-the-World, a blog on economic issues for an Episcopal-Church-affiliated website, The Geranium Farm. During her career, Carol served as an officer of the Money Marketeers and the Downtown Economists Club. She has a PhD from NYU's Stern School of Business. She lives in Brooklyn, New York, and has a weekend home on Long Island.
Publications by Carol Stone, CBE
Global| May 30 2014U.S. Consumer Spending Slows in April after March Bulge
- Global| May 29 2014
U.S. GDP Revised to 1% Decline for Q1
Real GDP was revised to a 1.0% rate of decline in Q1 (2.0% y/y) from the minuscule 0.1% increase reported initially. It was also modestly worse than consensus forecasts of a 0.5% decrease. The chain-type price index remained at the [...]
- Global| May 29 2014
U.S. Initial Claims for Jobless Insurance Take Dip in Seesaw Pattern
Weekly initial claims for unemployment insurance dropped to 300,000 in the week ended May 24 from 327,000 the week before, basically reversing that week's increase and extending their recent seesaw pattern; the May 17 number was [...]
- Global| May 15 2014
U.S. Consumer Price Index Remains Firm
Consumer prices increased 0.3% (2.0% y/y) in April, the largest increase since last June. The number equaled consensus expectations in the Action Economics Forecast Survey. The pick-up in the year-on-year change from 1.5% in March to [...]
- Global| May 15 2014
U.S. Initial Unemployment Insurance Claims Drop Below 300K
Initial claims for unemployment insurance dropped to 297,000 (-16.3% y/y) in the week ended May 10 from 321,000 in the week ended May 3, revised from 319,000. Expectations had been for 320,000 claims in the Action Economics Forecast [...]
- Global| May 01 2014
U.S. Construction Spending Hurt More in Bad Winter; Modest Comeback in March
The value of construction put-in-place rose 0.2% in March (8.4% y/y). The severe winter weather was reflected in downward revisions to February and January, which both now show declines. January was changed from -0.2% to -0.4% and [...]
- Global| Apr 30 2014
U.S. Employment Cost Index Slows in Q1
The employment cost index for private industry workers increased 0.3% (1.8% y/y) in Q1'14, following a 0.5% rise in Q4. This was the smallest quarterly increase in almost five years. This report includes annual seasonal adjustment [...]
- Global| Mar 06 2014
U.S. Financial Accounts Show Larger Total Credit Demand, But Households and Corporations Use Less
The Federal Reserve's financial accounts data (formerly known as the "flow of funds") for Q4 show total credit market borrowing at a $3.12 trillion annual rate, compared with $1.75 trillion in Q3 and the largest amount since Q1 2008. [...]
- Global| Mar 06 2014
U.S. Financial Accounts Show Larger Total Credit Demand, But Households and Corporations Use Less
The Federal Reserve's financial accounts data (formerly known as the "flow of funds") for Q4 show total credit market borrowing at a $3.12 trillion annual rate, compared with $1.75 trillion in Q3 and the largest amount since Q1 2008. [...]
- Global| Dec 31 2013
U.S. Consumer Confidence Rebounds in December
After falling in October and November, consumer confidence recovered in December, picking up to 78.1 (SA, 1985=100) from November's 72.0, which is modestly revised from 70.4 reported initially. The Action Economics consensus expected [...]
- Global| Dec 31 2013
U.S. Case-Shiller Home Price Index Firms More; Strongest Since 2006
The seasonally adjusted Case-Shiller 20- City Home Price Index rose 1.0% in both September and October, making the twelve-month increase 13.6%, its greatest since February 2006. The 3-month annualized rate of increase had slowed [...]
- Global| Dec 30 2013
U.S. Pending Home Sales Have Slim Rise in November
The National Association of Realtors (NAR) reported that November pending sales of single-family homes inched up 0.2% m/m, their first rise since May. They were off 1.5% from a year ago. Sales rose in two regions, the South and the [...]
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