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Retail sales stronger than expected in September

Retail sales stronger than expected in September

U.S. retail sales strengthened in September by more than forecast. The U.S. economy continues to show solid growth. And the economic strength continues to say that there’s less need for the Federal Reserve to cut interest rates by a larger-than-usual 50 basis points...
Strong September jobs report lowers expectations for 50 basis point cut from the Fed

So much for that job market slowdown in May

Employers added 272,000 jobs in May, the Bureau of Labor Statistics reported this morning. That number was well above the 185,000n projected by economists and even higher above the 175,000 in the April report. The financial markets were disappointed with the news...

Producer price index continues bond market freak out

So why was this so important today? So important that the yield on the 10-year Treasury rose another 3 basis points to 4.58%. The Producer Price Index for final demand rose 0.2% in March, seasonally adjusted, the Bureau of Labor Statistics reported today. Final demand...