Steven Hansen | TalkMarkets | Page 1
Managing Partner at Econintersect LLC
Contributor's Links: EconCurrents
Steven Hansen, Publisher and Co-founder of EconCurrents, is an international business and industrial consultant specializing in turning around troubled business units; consults to governments to optimize process flows; and provides economic indicator analysis based on unadjusted data and process ...more

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Federal Open Market Committee
A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the offices of the Board of Governors. Here is the summary of the meeting.
Headline Durable Goods New Orders Marginally Slowed In July 2021
The headlines say the durable goods new orders declined.
July 2021 CFNAI Super Index Moving Average Index Improves
The economy's rate of growth accelerated based on the Chicago Fed National Activity Index (CFNAI) 3 month moving average - and the economy is above the historical trend rate of growth.
August 2021 ECRI's WLI Growth Rate Decline Continues
ECRI's WLI Growth Index which forecasts economic growth six months forward again declined but remains in expansion.
August 2021 Philly Fed Manufacturing Survey Index Declined Again
The Philly Fed Business Outlook Survey again declined.
July 2021 Residential Building Growth Rate Continues To Slow
Headline residential building permits and construction completions rate of growth slowed. The rolling averages also slowed for both permits and construction completions.
July 2021 Import Sea Container Growth Continues At A Record Pace
The import container counts for the Ports of Los Angeles and Long Beach rate of growth continues in record territory. Exports are still having the worst year since 2006.
Headline Retail Sales Slow In July 2021
Retail sales slowed according to US Census headline data. The three-month rolling average declined. Year-over-Year growth also declined due to the comparison to reopening after the lockdown period one year ago.
August 2021 Empire State Manufacturing Index Significantly Declines
The Empire State Manufacturing Survey index significantly declined but remained in expansion.
Rail Week Ending Saturday, August 7 - Positive Growth Continues But Year-Over-Year Growth Is Being Compared To Shutdown Period Last Year
Week 31 of 2021 shows the same week total rail traffic (from the same week one year ago) improved according to the Association of American Railroads traffic data.
July 2021 Import Year-over-Year Inflation 'Declines' To +10.2%
Year-over-year import price indices inflation marginally declined from +11.3 % to +10.2 %.
July 2021 CPI: Year-Over-Year Inflation Unchanged
According to the BLS, the Consumer Price Index year-over-year inflation rate was 5.4 % year-over-year (unchanged from the reported 5.4 % last month). The year-over-year core inflation (excludes energy and food) rate declined from 4.5 % to 4.3 %.
Rail Week Ending Saturday July 31 - Year-Over-Year Growth Up 3.8% For July
Week 30 of 2021 shows the same week total rail traffic (from the same week one year ago) improved according to the Association of American Railroads traffic data.
July 2021 New York Fed Weekly Economic Index (WEI): Index Declines
The New York Fed's Weekly Leading Index (WLI) declined this past week. This index's trend is worsening based on the 13-week rolling average.
June 2021 Real Income And Expenditures - Inflation Continues To Impact
The data continues to be affected by the pandemic as comparisons are to the recession one year ago, and now inflation. Inflation is now significantly impacting growth as it is now 4.0 %.
July 2021 Chicago Purchasing Managers Barometer Significantly Improves
The Chicago Business Barometer improved from 66.1 to 73.4
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