Initial Claims, FOMC, Philly Fed, Leading Indicators
In our top story tonight, the leader of al-Qaida in Iraq, Abu Musab al-Zarqawi, is STILL dead and someone else has taken his place.
July Philly Fed falling to 6 vs prior 13.1 Full Report
Inside the number: new orders index DOWN @ 10.1 vs prior 17.7. Shipments DOWN @ 10.2 vs prior 17.7. Prices paid UP @ 50.3 vs prior 48.7, prices received UP @ 17.1 vs prior 14.0, employment index UP @ 12.8 vs prior 6.8, demonstrating a slowdown in activity with increased hiring and inflationary pressures.
Leading Indicators +0.1% vs prior -0.6%
Inside the number: 1st increase after 2 straight declines. The index fell at a 1.6% annualized pace in Q206, the worst performance since Q101, just before the economy slipped into recession. Full Report
Initial Claims -30K to 304K
Inside the number: the number of people collecting unemployment benefits +50K to 2.51M in the week ended July 8. Full Report
FOMC Minutes to be released later today and we expect the status quo. All future decisions will be made based on the incoming data.
Keep it tween da ditches, we take it day by day and keep our eyes peeled to the sky, because it could be a name brand that pancakes us. Just my opinion, I could be wrong, this is The Nattering Naybob and your NOT!!!
July Philly Fed falling to 6 vs prior 13.1 Full Report
Inside the number: new orders index DOWN @ 10.1 vs prior 17.7. Shipments DOWN @ 10.2 vs prior 17.7. Prices paid UP @ 50.3 vs prior 48.7, prices received UP @ 17.1 vs prior 14.0, employment index UP @ 12.8 vs prior 6.8, demonstrating a slowdown in activity with increased hiring and inflationary pressures.
Leading Indicators +0.1% vs prior -0.6%
Inside the number: 1st increase after 2 straight declines. The index fell at a 1.6% annualized pace in Q206, the worst performance since Q101, just before the economy slipped into recession. Full Report
Initial Claims -30K to 304K
Inside the number: the number of people collecting unemployment benefits +50K to 2.51M in the week ended July 8. Full Report
FOMC Minutes to be released later today and we expect the status quo. All future decisions will be made based on the incoming data.
Keep it tween da ditches, we take it day by day and keep our eyes peeled to the sky, because it could be a name brand that pancakes us. Just my opinion, I could be wrong, this is The Nattering Naybob and your NOT!!!
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