Blog
Consumer Prices Rise, Trend Still Benign
The Consumer Price Index rose as expected but the results remain benign, the Bureau of Labor Statistics suggested Thursday.rnrnLed by broad gains, the all-items index edged up 0.2% in September, half of the 0.4% uptick in August. Over the past 12 months the CPI remains in deflationary territory at -1.3%. The Fed’s ideal rate is +2.0%.
Busy Day for Data, Earnings
Equity futures are retaining gains after yesterday’s 1.75% climb. The day ahead is full of new economic data and sentiment is generally higher as earnings statements for the third quarter have been beating forecasts. Most recently, Goldman Sachs reported earnings per share of $5.25 in Q3, a full dollar more than estimates.rnrnNinety minutes before the bell, the S&P 500 is up 1.75 points to 1,089.50, while WTI crude oil is up ten cents to $75.28 per barrel, and spot gold is down $11.60 to $1050.80.
Retail Sales Decline Less than Expected in September
Total retail sales declined by 1.5 percent in September, less than the 2.1 percent drop economists had forecast. Excluding auto sales, which experienced their largest monthly fall since August 2005, retail sales were 0.5% higher in September, better than forecasts for a 0.2 percent increase.
Latest Articles
By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...
Late-Stage Delinquencies are SurgingAug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...
Published by the Federal Reserve Bank of San FranciscoIt was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...