The recent testimony of Bernanke in Congress didn’t reveal anything new: He continued to say that the Fed’s current asset purchase program is important for keeping the U.S economy on its road to recovery. At the same time, he didn’t…
Based on the latest producer price index monthly report, which was published yesterday, the PPI for finished goods sharply fell again by 0.7% in April compared with March’s index. This report serves as an indicator for the changes in the…
Retails and foods services sales changed direction and slightly rose for the fifth time in six months; the index edged up during April 2013 by 0.1% compared with March’s sales and also remained above the sales at April 2012. The…
The future price of natural gas (short term delivery) continued to plunge during most of last week mainly at the beginning and the end of the week. By the end of the week the Henry Hub future (short term delivery)…
The U.S. employment rose by a higher than anticipated pace – based on ADP estimate, the non-farm payroll rose by 119k during April: According to the latest U.S. employment report, which was published today, May 3rd by the Bureau of…
The Fed left its policy unchanged for May. The FOMC concluded its two day meeting on May 1st. Based on the recent FOMC statement, The Fed decided to continue its asset purchase program that includes purchasing agency mortgage-backed securities at…
Natural gas future price (short term delivery) changed direction and tumbled down during most of last week. By the end of the week the Henry Hub future (short term delivery) fell by 5.81%. Based on the latest EIA natural gas…
The bureau of economic analysis published today April 26th its first estimate of the growth rate of the U.S. Gross Domestic Product for Q1 2013. Based on the recent report, U.S output of goods and services growth rate rose by…
The U.S. Census Bureau reported (opens pdf) today on the developments in number of new homes sold in the U.S during March 2013: the number of new homes sales declined compared with the number of new homes sold during February…
Based on the latest U.S. Census Bureau report regarding the new residential construction statistics for March 2013, the annual rate of housing starts rose while rate of building permits slipped. This report sends a mixed signal as to the growth…