Consumer Spending Improves in May While Income Rises

June 27, 2013 0

The Commerce Department reported this morning that U.S. consumer spending increased 0.3 in May, outpacing a 0.3 decline in April, the largest drop since September 2009. Personal income grew to 0.5 percent as more Americans are securing […]

Market Moves Higher Despite Lower 1st Quarter GDP Revision

June 26, 2013 0

          U.S. equities have moved higher in early trading on Wednesday following yesterday’s better than expected data on durable goods, consumer confidence, and housing  combined with some positive comments from Fed members about the Fed’s […]

U.S. Durable Orders Rise In May

June 25, 2013 0

On Tuesday the Commerce Department released new economic data that revealed durable goods rose 3.6 percent in May, surpassing estimates of 3.0 percent and showing demand for new goods remain strong, led by strong gains in aircraft. Durable goods are hard goods […]

Futures Lower As Dollar Gains; China And Fed Comments Linger

June 24, 2013 0

U.S. equity futures are pointing lower and the U.S. dollar is rising as investors weigh the rosier than expected forecast the Fed offered last week for U.S. growth along with China’s central bank decision to reign in its shadow banking market of private lending that has […]

Fed Tapering Dependent On U.S.Economy Improving in 2013

June 19, 2013 0

Following the close of the Federal Reserve’s Federal Open Market Committee’s (FOMC) two- day meeting in Washington D.C. Federal Reserve Chairman Bernanke spoke to reporters in a press conference. Digesting Chairman Bernanke’s closing remarks and answers to […]

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