New SEC Rules Make Money Market Funds Safer
Chairman of the SEC, Mary Schapiro recently announced the new impending rules for money market funds.
Initial Jobless Claims Hold Their Ground
The initial jobless claims report is issued once per week from the Department of Labor.
Fed Open Market Committee Minutes Show Steady Economic Growth
According to the Fed Open Market Committee Minutes, the overall outlook of the economy is slightly better than previously thought.
Mortgage Applications Increase Over the Previous Week
This week’s MBA Mortgage Applications survey provides another sliver of positive news.
April Employment Situation Report Fall Short of Expectations
The April employment situation report is significantly short of the expected 165,000.
End of April Sees Surprising Drop in Initial Jobless Claims
Looking back to last year, the initial number of jobless claims has dropped by 99,000.
ADP Employment Report – April Job Gains Slow
Although recent April job gains have slowed down, the economy continues to expand at a slow pace.
BEA Report Shows Income’s Steadily Rising
According to the BEA report, the numbers for March do not look bad, but they could be better.
GDP Growth Rate Declines to 2.2 Percent
Overall, the indicators impacting the GDP growth rate continued to show mixed signs.
Fed Chairman Bernanke: US Economy Continuing to Improve
Although progress has been made, it is still premature to declare victory with signs of the US economy continuing to improve.
National Association of Realtors’ Data on Existing Home Sales Provides Mixed Signals About Growth in the Housing Market
The National Association of Realtors provided mixed signals as to whether growth in the housing market was gaining traction.
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Most Recent
Lack of Inventory and Credit Cause Existing Home Sales to Fall in May 2012
Economists expressed belief that the upcoming June 2012 NAR report will show a decline in existing home sales.
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FOMC Extends Operation Twist
Most thought there would be an extension of Operation Twist and that indeed was the case.
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Bernanke Defends the Fed’s Actions
Bernanke was quick to point out that Operation Twist was a success and that its extension was a substantial move.
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Retail Sales Grow 3.6% for 2012
The strongest performing sectors of retail sales included apparel stores, grocery stores, wholesale clubs and dollar stores.
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First Time Jobless Claims Rise Again
The economy is expanding sluggishly, job creation is too slow, and jobless claims are flat.
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Consumer Price Index Registers First Decline Since 2009
The U.S. Bureau of Labor Statistics reports that the Consumer Price Index fell 0.3% in May 2012, on a seasonally adjusted basis.
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