The National Activity Index (CFNAI) for March from the Chicago Federal Reserve fell to -0.29 from an upwardly revised 0.07 in February, earlier reported as -0.09. The three-month moving average reversed course last month and fell to [...]
- Global| Apr 26 2012
U.S. Chicago Fed Index Turns Negative
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 26 2012
U.S. Initial Claims for Jobless Insurance Remain Near Earlier High
Initial unemployment insurance claims slipped 1,000 in the week ended April 21 to 388,000 from an upwardly revised 389,000 during the prior week, earlier reported as 386,000. The four-week moving average of initial claims rose to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 25 2012
FOMC Sustains Level of Monetary Accommodation
As expected, the Federal Open Market Committee today left the Federal funds rate in a "range from 0 to 1/4 percent." The Fed funds rate has remained unchanged since late-2008 at its lowest level ever. The discount rate also was left [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 25 2012
UK CBI Industrial Orders Slow And Show More Weakness
UK GDP registered a -0.2% reading for 2012 Q1 showing that the economy has not yet been able to escape the pull of recession. The industrial orders series shows that weakness remains in train, but with a forward-looking twist. While [...]
- Global| Apr 25 2012
U.S. Mortgage Applications Decline
The Mortgage Bankers Association reported that its index of total mortgage applications fell 3.8% w/w to 697.7 (+58.1% y/y). Applications to refinance led the decline with a 5.6% drop (+89.2% y/y) and reversed half of the prior week's [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 25 2012
U.S. Durable Goods Orders Dragged Lower By Aircraft
New orders for durable goods fell 4.2% last month following a little-revised 1.9% February increase. Consensus expectations had been for a 0.6% decline. Lower orders for transportation equipment led last month's decline with a 12.5% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 24 2012
U.S. Energy Prices Fall With Lower Demand
The pump price for a gallon of regular gasoline fell a nickel last week to $3.87. Nevertheless, the current level remained up sixty four cents (20%) since year-end. Haver Analytics' seasonally-adjusted price for regular fell eight [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 24 2012
Financial Matters and French Household Confidence
French households have become more confident since the beginning of the year. (In France, the measure of confidence is derived by calculating a weighted average of the balances of opinion on the following underlying series: the [...]
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