Anna Spiewak

Economy Watch: Economic Activity Slows Down in January; Gas Prices Rise Suddenly

The Chicago Fed reported that its National Activity Index decreased to –0.39 in January from –0.03 in December. The average price for regular gasoline has risen 15 cents a gallon for more than two weeks now.

Economy Watch: Existing Home Sales Drop in January; Fed Releases FOMC Transcripts from ’08; G20 Aims for More Growth Globally

Existing U.S. home sales dropped 5.1 percent in January compared to December. The Federal Reserve released transcripts of some of the internal discussions at the Federal Open Market Committee during the critical year 2008. The meeting of Group of 20 finance ministers and central bank chiefs in Sydney issued a final communique stating that the goal of the group is to create more than $2 trillion in additional output over the next five years.

Madison Int’l Acquires Interest in Downtown NYC Retail Condo for $68M

Madison International Realty shelled out $68 million on the acquisition of a non-controlling 49 percent interest in a retail condominium at 510 Sixth Ave. in Manhattan.

Economy Watch: Mortgage Delinquencies Closer to ‘Normal’ Levels; Consumer Price Slightly Up in January; Initial Unemployment Claims Down

The delinquency rate for outstanding mortgages on residential properties decreased to 6.4 percent at the end of the fourth quarter of 2013, the lowest level since the first quarter of 2008. The Consumer Price Index increased 0.1 percent in January compared with December. But during the week ending Feb. 15, initial unemployment claims decreased by 3,000 from the previous week.

Economy Watch: Home Starts Drop in January; Fed Likely to Continue Tapering

Privately owned U.S. housing starts in January dropped 16 percent compared to the revised December estimate. The Fed’s tapering of its bond-buying program will probably continue.

Economy Watch: Homebuilders Feeling Grumpy; Consumer Debt Grows During 4Q

Builder confidence in the market for newly built, single-family homes posted an unusually large 10-point drop to 46 in February compared with January. But aggregate U.S. consumer debt increased in the fourth quarter of 2013 by $241 billion.

Economy Watch Weekly: Retail Sales Drop, Tapering Will Probably Continue

CPE’s economic analyst, Dees Stribling, gives his update for the week ending Feb. 14.  

Economy Watch: Did Stimulus Stimulate the Economy? Overseas Stocks, Commodities Up

The federal stimulus of 2009 came over the holiday weekend, with the estimated cost revised upward by more than $40 billion. Japan’s Nikkei 225 increased 0.6 percent on Monday as the yen appreciated against the dollar. Also, Germany’s DAX and France’s CAC 40 were both up small amounts on Monday.