Dees Stribling
Economy Watch: Fed Ending QE3; CPI; Homebuilder Confidence
The federal monetary stimulus of the economy seems to be on its last legs; CPI for All Urban Consumers dropped 0.2 percent; and homebuilder confidence rose to a level of 59.
Economy Watch: Poverty Rate, PPI
The U.S. official poverty rate dropped in 2013, but that doesn’t mean fewer people are living in poverty. The Producer Price Index for final demand, which tracks wholesale prices, was unchanged in August, reflecting a mix of increases and decreases.
Economy Watch: Global Forecast from OECD; Fed Reports on U.S. Industrial Production
Growth projections vary widely for the U.S., euro zone and emerging economies; industrial production dipped in August, according to the Federal Reserve.
Economy Watch: Retail Sales, Consumer Sentiment
Americans had an itch to buy more in August, according to the Census Bureau, while the Reuters/University of Michigan consumer sentiment index rose 2.1 points from the end of August to come in at 84.6 in mid-September.
Economy Watch: Rules for Very Large Banks; Home Prices
A member of the Board of Governors of the Federal Reserve said that the central bank wants to change regulations governing too-big-to-fail banks.
Economy Watch: Residential Prices, Job Openings
Trulia reported on Tuesday that asking prices nationally for residential properties rose 1 percent in August, while job openings in July reached the highest level in more than a decade. Small business optimism is also on the rise.
Economy Watch: Consumer Debt, Homeownership and Money Woes
The Federal Reserve finds Americans borrowing more in July than June, and young renters cite money woes as the main obstacle to home buying in a new Consumer Expectations survey.
Economy Watch: Slower Jobs and the Underemployed
Despite the relatively low number of jobs created in August, some sectors continued to add jobs. The number of persons marginally attached to the labor force also decreased that month.
Economy Watch: August Jobs, Non-Manufacturing Business Activity
While August BLS data showed only 142,000 jobs created for the month, the latest Non-Manufacturing ISM Report on Business found that the service sector grew for the 55th month in a row.
Economy Watch: The State of the Economy, Big Bank Regulation
The Federal Reserve released the latest “Summary of Commentary on Current Economic Conditions by Federal Reserve District”; and regulators finalized a final rule about big-bank liquidity.
