Building on gains earlier in the month consumer sentiment for all of January rose to its highest level since January of 2008. The Reuters/University of Michigan Index of Consumer Sentiment for all of January rose to 74.4 from 72.5 in [...]
Global| Jan 29 2010
Michigan Consumer Sentiment Highest in Two Years
by:Tom Moeller
|in:Economy in Brief
Global| Jan 29 2010
U.S. Employment Cost Index Fell To Lowest On Record
unemployment dragged the y/y change in the Employment Cost Index down to its lowest on record. (The series dates back to 1980). Overall the employment cost index for private industry workers rose 1.2% for the year which ended with a [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 29 2010
Ain’t No Sunshine When It's Gone…Money Growth
Tight money isn’t funny – With the Fed’s balance sheet bloated like glutton at a roman feast, tensions have run high on the prospects of inflation. Like Mr Creosote in the Monty Python skit everyone is sure that with the equivalent of [...]
Global| Jan 29 2010
U.S. GDP Rise Is The Quickest Since 2003
The current economic recovery picked up momentum last quarter. Constant dollar GDP rose 5.7% (AR), more-than double the 3Q growth rate and the quickest increase since 3Q 2003. Consensus expectations had been for a lesser 4.6% rise. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 29 2010
U.S. GDP Rise Is The Quickest Since 2003
The current economic recovery picked up momentum last quarter. Constant dollar GDP rose 5.7% (AR), more-than double the 3Q growth rate and the quickest increase since 3Q 2003. Consensus expectations had been for a lesser 4.6% rise. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 28 2010
EMU Recovery Remains In Force
The EU indices rose in January improving to -13 from -16 for all of EU. All the large country indices improved on the month from Germany to France to Italy to Spain to the UK. While the EU Service index is the highest raw reading at [...]
Global| Jan 28 2010
Chicago Fed Index Slipped
Forward momentum in the U.S. economy recently stalled. After earlier improvement, the Chicago Fed National Activity Index (CFNAI) from the Federal Reserve Bank of Chicago slipped last month to a reading of -0.61 and remained down from [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 28 2010
U.S. Initial Jobless Insurance Claims Slip
The Labor Department reported that initial claims for jobless insurance slipped 8,000 to 470,000 following strong increases during the prior two weeks. Despite the earlier increases, claims remained near the lowest level since late [...]
by:Tom Moeller
|in:Economy in Brief
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