PrimeRates Market Talk: Obamacare, ISM, Earnings
While the earnings season has been in full swing with mixed results so far, Wall Street appears to be searching around for things to blame…uh…discuss on CNBC and other...
May 2012 New Home Sales Sail to Surprising Heights Gaining 7.3%
The US got some good news on the first Monday of summer – new home sales rose 7.3 percent to levels not attained since April, 2010.
Fed Changes Employment Outlook for 2012
The employment outlook appears stagnant for the near-term.
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.
FOMC Extends Operation Twist
Most thought there would be an extension of Operation Twist and that indeed was the case.
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.
Retail Sales Grow 3.6% for 2012
The strongest performing sectors of retail sales included apparel stores, grocery stores, wholesale clubs and dollar stores.
First Time Jobless Claims Rise Again
The economy is expanding sluggishly, job creation is too slow, and jobless claims are flat.
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.
May Retail Sales Slip
The May retail sales report from the US Census Bureau shows that May retail sales slipped 0.2%.
NFIB Reports “Stagnant” Small Business Optimism in May
Latest release of the National Federation of Independent Businesses (NFIB) Index of Small Business Optimism shows a 0.1% decrease to 94.4.
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