RSS Feed by Calculated Risk on 6/18/2015 10:05:00 AM
Thursday, June 18, 2015
Philly Fed Manufacturing Survey increased to 15.2 in June
From the Philly Fed: June Manufacturing Survey
Manufacturing conditions in the region improved in June, according to firms responding to this month’s Manufacturing Business Outlook Survey. Indicators for general activity, new orders, and shipments remained positive and increased over their readings in May. Employment and average work hours increased, on balance, at the reporting firms. Firms reported higher prices for raw materials and other inputs in June compared with reported price decreases in recent months. The survey’s indicators of future activity suggest that firms expect continuing growth in the manufacturing sector over the next six months.
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The survey’s broadest measure of manufacturing conditions, the diffusion index of current activity, increased from 6.7 in May to 15.2 this month. This is the highest reading for the index since December ...
CPI increased 0.4% in May, Weekly Initial Unemployment Claims decreased to 267,000
by Calculated Risk on 6/18/2015 08:36:00 AM
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in May on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index was unchanged before seasonal adjustment.
Wednesday, June 17, 2015
Thursday: Unemployment Claims, CPI, Philly Fed Mfg Survey
by Calculated Risk on 6/17/2015 08:34:00 PM
Off topic: A bizarre sight in California ... crabs attack!
Click on photo for larger image.
Photo taken at China Cove in Newport Beach, CA by Steven.
Report: Socal Home Sales up 5% year-over-year
by Calculated Risk on 6/17/2015 05:55:00 PM
Note: This is the data that used to be released by DataQuick (now part of CoreLogic).
FOMC Projections and Press Conference
by Calculated Risk on 6/17/2015 02:13:00 PM
Statement here, "economic activity has been expanding moderately".
As far as the "Appropriate timing of policy firming", participant views were unchanged on the timing of the first rate hike (15 participants expect the first rate hike in 2015, and 2 in 2016), but "dots" moved down (fewer rate hikes this year and next).
The FOMC projections for inflation are still on the low side through 2017.
Yellen press conference here.
On the projections, GDP for 2015 was revised down, the unemployment rate was revised up slightly, and inflation projections were mostly unrevised.
