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U.S. GDP Accelerates to 2.6% in Third Quarter

Oct 27, 2022
Brian Turner
U.S. GDP accelerated to 2.6% annual rate in the third quarter after net international trade and business investment improved and consumer spending held up.

Durable Goods Orders Rise 0.4%, Shipments Increase 0.3%

Oct 27, 2022
Brian Turner
Durable goods orders increased 0.4% in September from the previous month and jumped 10.9%, highlighting the economic strength.

Weekly Jobless Claims Rise to 217,000

Oct 27, 2022
Brian Turner
Weekly jobless claims rise 3,000 to 217,000 for the week ending on October 22.

New Home September Sales Fall 17.6%

Oct 26, 2022
Brian Turner
Sales of new homes in September declined from the previous month and a year ago after higher rates and elevated prices kept buyers away.

Existing Home Sales Fell 1.5% In September

Oct 20, 2022
Brian Turner
Rising mortgage rates and elevated home prices continue to dampen market activities as the lack of affordability keeps most buyers away.

Housing Starts Declined In September

Oct 19, 2022
Brian Turner
Housing permits and completions fell in September from the previous month and a year ago but completions rose from both periods.

Consumer Prices Jump 8.2% In September

Oct 13, 2022
Brian Turner
Consumer prices rose at a faster pace in September driven by sustained increases in housing, food and medical care costs.



Wholesale Prices Jumped 8.5% in September

Oct 12, 2022
Brian Turner
The wholesale price index increased 0.4% in September from August and jumped 8.5% from a year ago, driven by a significant rise in cost of services.

U.S. Payrolls Expand 263,000 In September

Oct 7, 2022
Brian Turner
Monthly net new job additions are declining after months of large-sized rate hikes and withdrawal of the liquidity by Fed. However, labor market conditions remain tight as businesses continue to add jobs at a slower but brisk pace.

U.S. Trade Deficit Eased In September

Oct 5, 2022
Brian Turner
U.S. trade deficit in August dropped to the level last seen in May 2021 after goods deficit dropped more and service surplus narrowed.

August Job Openings Dropped to 10.1 Million, Quit Rate Stable

Oct 4, 2022
Brian Turner
The number of job openings decreased to 10.1 million and the number of quits were nearly unchanged at 4.1 million in August.

Core PCE Index Highlights Stubborn Elevated Inflation

Sep 30, 2022
Brian Turner
The PCE price index on an annual basis increased 6.2%, slower than 6.4% in July but still elevated and significantly ahead of Fed's target rate of 2%.

Jobless Claims Report Signals Strong Labor Market

Sep 29, 2022
Brian Turner
Weekly initial jobless claims rose less than expected in the week ending September 24. The smaller-than-expected rise in claims signaled the strength in the labor market and another reason for the Fed to continue hiking rates.

New Home Sales Soar 29% Unexpectedly In August

Sep 27, 2022
Brian Turner
New home sales unexpectedly soared in August despite the rise in mortgage rates and elevated home prices. Median home price declined 6.3%



Housing Starts Rise, Permits and Completions Fall

Sep 20, 2022
Brian Turner
Housing starts unexpectedly rose in August from July but the less volatile building permits and completions fell.