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Small Business Optimism Index Rose 0.6 Points, Remaining Close to its Cycle High

Small Business Optimism Index Rose 0.6 Points, Remaining Close to its Cycle High The National Federation of Independent Business (NFIB) Small Business Optimism Index rose 0.6 points, remaining close to its cycle high. Most key components rose, including capital spending and hiring plans. The Consumer Price Index (CPI) for All Urban Consumers (CPI-U) Rose 0.4 [...]

2019-12-02T18:24:56+00:00A View|

Job and Income Growth Remain Favorable

Job and Income Growth Remain Favorable Job and income growth remain favorable. Largely ignoring other news, consumers are still focused on job and income growth. Inflation expectations remain muted, supportive of a Fed rate cut next week. Wells Fargo October Fifth District Survey of Manufacturing Activity Reports Activity Strengthened The Federal Reserve Bank of Richmond [...]

2019-10-29T16:06:40+00:00A View|

The First Crack in the Foundation

The First Crack in the Foundation The first crack in the foundation may be the 0.3% decline in September retail sales. Amid the ongoing trade war and worries about a potential recession, the strength of consumer spending has been a needed counterweight." Wells-Fargo Business Activity Grew Slightly in Empire State The Federal Reserve Bank of [...]

2019-10-29T15:46:17+00:00A View|

Industrial Production Surged in August

Industrial Production Surged in August Industrial production surged 0.6% in August, with widespread gains. The 0.5% rise in manufacturing alleviates concerns about the factory sector's slowdown. Wells Fargo Existing Home Sales Beat Expectations Existing home sales beat expectations, rising in August. Wells Fargo Federal Reserve Cut Interest Rates for the Second Time On Wednesday the [...]

2019-10-02T14:38:13+00:00A View|

Small Business Owners Less Optimistic

Small Business Owners Less Optimistic Small business owners less optimistic about the economic outlook, appear to be paring back capital spending and hiring. The National Federation of Independent Business (NFIB) Small Business Optimism Index fell 1.6 points to 103.1 in August.  Wells Fargo US Drill Rigs Running Down Last Week There were 898 drill rigs [...]

2019-09-16T20:12:59+00:00A View|

Chicago Fed National Activity Index Fell in July

Led by Declines in Production-Related Indicators, the Chicago Fed National Activity Index Fell in July Led by declines in production-related indicators, the Chicago Fed National Activity Index fell to -0.36 in July from +0.03 in June. All four broad categories of indicators that make up the index decreased from June, and all four categories made [...]

2019-09-04T16:21:50+00:00A View|

July Retail Sales Surpassed Expectations

July Retail Sales Surpassed Expectations July retail sales surpassed expectations. Rising 0.7 %, gains were broad-based with ten of the thirteen categories seeing an increase in sales over the month. Wells Fargo US Drill Rigs Running Down From Previous Count There were 934 drill rigs operating in the US last week, down 8 rigs from [...]

2019-08-19T17:30:03+00:00A View|

Consumer Sentiment Remains Elevated

Consumer Sentiment Remains Elevated At 98.4, consumer sentiment remains elevated. Confidence has been resilient in the face of trade uncertainty and could be a concern going forward. Personal finances were a bright spot in this month's report. Texas Manufacturing Outlook Survey Reports Factory Activity Continued to Expand in July The Federal Reserve Bank of Dallas [...]

2019-08-07T16:43:20+00:00A View|