May wasn't a good month for China. Industrial output rose 5% from a year earlier but slower than the 5.4% in April. Also lower than the 5.5% forecast. "In the first five months, the investment in fixed assets (excluding rural households) was 21,755.5 billion yuan, a year on year growth of 5.6 percent, or 0.5 … Continue reading China Economic Weakness
Nonfarm payroll increased by 75,000 in May (263,000 reported, actual revised 153,000)Unemployment steady at 3.6%Employment continued to trend up in professional and business services and in health care. Number of unemployed persons little changed at 5.9 million(5.8 million) **April numbers in parentheses Consensus estimate according to fxstreet.com was 185,000 increase, so far less than forecast. … Continue reading May Jobs Report
The exciting release of industrial production and capacity utilization happened today! From the Board of Governors of the Federal Reserve System... "Industrial production fell 0.5 percent in April, and the rates of change for previous months were revised down on net. Output is now reported to have declined 1.9 percent at an annual rate in the first … Continue reading This Day in Stocks and Economy
Nonfarm payroll increased by 263,000 in AprilUnemployment rate declined to 3.6%Notable job gains occurred in professional and business services, construction, health care, and social assistance. Number of unemployed persons decreased by 387,000 to 5.8 million Consensus estimate according to fxstreet.com was 185,000 increase, so actual topped estimate significantly. Unemployment rate dropping was also not estimated, … Continue reading Jobs Report 5/3/2019
Bull Markets Do Not Die of Old Age GDP growth of 3.2% in the first quarter of 2019 – that’s a big deal University of Michigan consumer sentiment averaging 97.2 for the past 28 months 60% in the U of M survey “expected to be better off financially over the next 5 years” – highest … Continue reading Taking the Long View
THE FEDERAL RESERVE BOARD (Fed) Since World War II, the goal of the Federal Reserve Board (Fed) has been to stabilize prices and maximize the level of employment. To achieve these objectives, the Fed has believed it necessary to predict future inflation rates and to steer interest rates up or down to maintain stable prices. … Continue reading 2019 Second Quarter Commentary
