• Cash payments, vaccinations and reduced business restrictions lift consumer spending. • Business investment surges, again • Price index is lifted by energy and housing. Trillions of dollars in government aid as well as widespread [...]
Global| Apr 29 2021
U.S. GDP Growth Acceleration Paced by the Consumer
by:Tom Moeller
|in:Economy in Brief
Global| Apr 29 2021
U.S. Initial Unemployment Insurance Claims Fell Further
• Both initial state claims and PUA claims fell to pandemic lows. • Continuing state claims essentially unchanged at pandemic low. • Continuing claims for PUA and PEUC benefits both decline. Initial claims for unemployment insurance [...]
by:Sandy Batten
|in:Economy in Brief
Global| Apr 28 2021
FOMC: Fed Funds Rate Remains Near Zero
The Federal Reserve left the target for the Fed funds rate in a range of 0.00% to 0.25% at today's meeting of the FOMC. The Fed continued to assert, "The COVID-19 pandemic is causing tremendous human and economic hardship across the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 28 2021
Can You Tell When the Virus Struck Germany?
Rod Stewart famously sang 'every picture tells a story, don't it?' Bad grammar aside, the saying is true just as it's true that a picture is 'worth a thousand words'...and that expression pre-dates 'Word' and its ability to [...]
Global| Apr 28 2021
Advance U.S. Trade Deficit in Goods Deepens to Record in March
• Foreign trade deficit increases as economy improves. • Exports and imports reversed earlier declines. The advance estimate of the U.S. trade deficit in goods widened to a record $90.59 billion during March from $87.07 billion in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 28 2021
U.S. Mortgage Applications & Interest Rates Decline
• Refinancing & purchase applications fall. • Mortgage interest rates continue to ease. The Mortgage Bankers Association Mortgage Loan Applications Index weakened 2.5% (-3.5% y/y) in the week ended April 23, following declines during [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 27 2021
Italy's Consumer Confidence Remains Shaken, But Stirs
Consumer confidence in Italy (NSA) fell back in April to 98.1 from 101.7 in March for its second monthly decline in a row. The confidence gauge is lower on a net basis over three months as well as over 12 months. Its April level of [...]
Global| Apr 27 2021
Italy's Consumer Confidence Remains Shaken, But Stirs
Consumer confidence in Italy (NSA) rose back in April to 102.3 from 100.9 in March. The confidence gauge is lower on a net basis over three months as well as over 13 months (since 12-month ago data are missing). Its April level of [...]
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