Experience the Decision Economics Difference for yourself.
Category: U.S. OLD
GDP: Investment Hesitation?
Second-quarter GDP grows an in-line 1.5% (Consensus: +1.4%; Decision Economics: +1.6%) with no gross surprises in the demand-side breakdown. However, Fed doves may see a further nudge towards easing.[private] US_12-0727_E1[/private]
Consumer Sentiment: Stable, for now.
Revised July University of Michigan Consumer Sentiment data show the headline reading resolutely stable–coming in at 72.3 versus the original 72.0 (Consensus: 72.0; Decision Economics: 71.0), and against a prior-month level of 73.2.[private] That picture read more
Initial Claims: False Strength?
[private]Initial claims drop a more-than-expected 35,000 (Consensus and Decision Economics: -6,000), from a prior week level revised up by 2,000. Labor Department analysts point to no specific special factor operating in the week, but emphasize read more
Durable Goods: Confidence Sag
[private]June durable goods orders rise a more-than-expected 1.6% (Consensus: +0.4%; Decision Economics: +0.8%) from a prior-month level revised up by 0.4%. But, the overall increase was more than accounted for by a 51% jump in read more
New Home Sales: Balance Closer to Tipping?
[private]June new home sales sharply undershoot expectations. Dropping 8.4% (Consensus: +0.3%; Decision Economics: +3.5%), from a prior-month level revised up by 3.5%. US_12-0725_E1[/private]
Forecast Calendar: U.S.
[private]7-20us[/private]
Philadelphia Fed: Sliding Less Fast
[private]The headline July Philadelphia Fed index improves by less than expected, rising only to -12.9 (Consensus: -8.0; Decision Economics: -13.0) from the -16.6 June level. Component indexes–running completely independent of the headline number–improve very marginally read more
Existing Home Sales: Jury Still Out
[private]June existing home sales disappoint severely, dropping 5.4% (Consensus: +1.5%; Decision Economics: +0.7%) from a prior-month level revised up by 1.5%. US_12-0719_E2[/private]
Initial Claims: Still muddy, probably stable
[private]Initial claims rise a more-than-expected 35,000 (Consensus and Decision Economics: +15,000) from a prior-week level revised up by 2,000. The new figure covered the July payroll-survey week, closing out the four-week month, and, at 386,000, read more
Beige Book: Bottom-up Confirmation
[private]Beige Book reports–this time summarized by the Atlanta Fed in a handoff from the Dallas Fed work last time–are mixed, and downshifted very slightly from the previous round. However, the incremental information adds nothing to read more