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Housing Starts Vs Completions Looks Ominous For The Economy
Article By:
Mish Shedlock
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Thursday, May 16, 2024 5:26 PM EDT
Housing completions have surpassed housing starts. History suggests bad things follow. But what’s happening this time?
April Housing: Uh-Oh, Housing Units Under Construction Has Stopped Levitating
Article By:
New Deal Democrat
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Thursday, May 16, 2024 4:31 PM EDT
Housing units under construction declined -1.4% in April, after a -1.1% decline in March.
Business Cycle Indicators Mid-May
Article By:
Menzie Chinn
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Thursday, May 16, 2024 3:45 PM EDT
The latest Weekly Economic Indicators (for releases through May 11) indicates a jump above 2%, to 2.16%.
Q1 2024 U.S. Retail Scorecard – Update
Article By:
Lipper Alpha Insight
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Thursday, May 16, 2024 2:48 PM EDT
To date, 143 of the 201 companies in our Retail/Restaurant Index have reported their EPS results for Q1 2024, representing 71% of the index.
In this article: XRT
The Trend Break In CPI
Article By:
Menzie Chinn
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Thursday, May 16, 2024 2:24 PM EDT
While the CPI trend breaks at 2022M06, matching the peak in oil prices, core CPI doesn’t such evidence.
Housing Starts Rise 5.7 Percent Following Negative 2.6 Percent Revision
Article By:
Mish Shedlock
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Thursday, May 16, 2024 2:12 PM EDT
The word of the day is revision. The Census Department revised housing starts and permits all the way back to 2017.
Mapped: The 10 U.S. States With The Lowest Real GDP Growth
Article By:
Jeff Desjardins
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Thursday, May 16, 2024 1:02 PM EDT
While the U.S. economy defied expectations in 2023, posting 2.5% in real GDP growth, several states lagged behind.
Jobless Claims Still Positive
Article By:
New Deal Democrat
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Thursday, May 16, 2024 12:51 PM EDT
Although the recent trend is tending towards the negative, as of now both initial claims comparisons remain positive for the economy.
Six Of Eight Fed Inflation Categories Are Above The 12-Month Trend
Article By:
SchiffGold
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Thursday, May 16, 2024 12:29 PM EDT
The YoY CPI has been near the low 3% range since June of last year but it has picked back up over the last two months. This is not unexpected as the 0.09% monthly increase from March of last year fell off.
Russell 2000 Earnings Dashboard 24Q1 - Thursday, May 16
Article By:
Lipper Alpha Insight
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Thursday, May 16, 2024 10:50 AM EDT
The 24Q1 Y/Y blended earnings growth estimate is 0.9%. If the energy sector is excluded, the growth rate for the index is 14.4%.
In this article: IWM
USD/CAD Forecast: Dollar Struggles Following Downbeat US CPI
Article By:
Yohay Elam
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Thursday, May 16, 2024 10:39 AM EDT
The Canadian dollar hit a 5-week high after the US released its consumer inflation report. The US released its retail sales report, which revealed a significant drop from 0.7% to 0.0%. Canadian home sales fell 1.7% in April.
EUR/USD Could Be Heading To 1.10
Article By:
Fawad Razaqzada
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Thursday, May 16, 2024 9:59 AM EDT
What now for the dollar? That’s the key question after Wednesday’s softer data releases caused the greenback to fall across the board, underscoring the view that the economic growth is losing momentum and that inflation is heading lower.
Retail Sales Fall Flat, Are Consumers About To Throw In The Towel?
Article By:
Mish Shedlock
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Thursday, May 16, 2024 8:47 AM EDT
Caution. Every time I suggest consumers may throw in the towel, it hasn’t happened. Counter caution, real (inflation-adjusted) spending is negative year-over year for 12 out of the last 17 months.
US Inflation Drops To 3.4% In April
Article By:
Daily Forex
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Thursday, May 16, 2024 8:37 AM EDT
On a monthly basis, CPI rose 0.3% in April, down from 0.4% in March and below the market estimate of 0.4%. The main drivers behind inflation were shelter and gasoline costs, with food prices remaining unchanged.