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Vehicle Forecast: Sales Expected to Exceed 17 million SAAR in September

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Vehicle Forecast: Sales Expected to Exceed 17 million SAAR in September

The automakers will report September vehicle sales on Tuesday, October 3rd. Note: There were 26 selling days in September 2017, there were 25 in September 2016. From WardsAuto: Forecast: SAAR Expected to Surpass 17 Million in September A WardsAuto forecast calls for U.S. light-vehicle sales to reach a 17.5 million-unit seasonally adjusted annual rate...
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FOMC Projections and Press Conference Link

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FOMC Projections and Press Conference Link

Statement here. “In October, the Committee will initiate the balance sheet normalization program”. Yellen press conference video here. On the projections, projections for GDP in 2017 were increased. GDP projections of Federal Reserve Governors and Reserve Bank presidents Change inReal GDP1 2017 2018 2019...
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Hotel Occupancy Rate increases following Hurricanes Harvey and Irma

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Hotel Occupancy Rate increases following Hurricanes Harvey and Irma

From HotelNewsNow.com: STR: Hurricane Irma’s initial impact on hotel markets STR data shows Florida hotel markets that were evacuated before the arrival of Hurricane Irma experienced significant performance decreases, but the destinations evacuees flocked to saw significant growth. From HotelNewsNow.com: STR: US hotel results...
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6 Reasons Why Money Doesn’t Make You Rich

6 Reasons Why Money Doesn’t Make You Rich

If you made $108 million dollars, would all your money problems be solved? If you answered yes to this question, there’s a chance you don’t understand that having more money doesn’t solve your money problems.  It just brings new ones. Take for instance the...
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Schedule for Week of Sept 17, 2017

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Schedule for Week of Sept 17, 2017

The key economic reports this week are August housing starts and existing home sales. For manufacturing, the Philly Fed manufacturing survey will be released this week. The FOMC meets this week and is expected to announce the reduction of the Fed’s balance sheet. —–...
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Weekly Initial Unemployment Claims decrease to 284,000

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Weekly Initial Unemployment Claims decrease to 284,000

The DOL reported: In the week ending September 9, the advance figure for seasonally adjusted initial claims was 284,000, a decrease of 14,000 from the previous week’s unrevised level of 298,000. The 4-week moving average was 263,250, an increase of 13,000 from the previous...
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Tuesday: Job Openings, Small Business Survey

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Tuesday: Job Openings, Small Business Survey

From Matthew Graham at Mortgage News Daily: Mortgage Rates Jolted Higher, Relatively Mortgage rates finally had a bad day, but everything’s relative.  This sort of bad day leaves the average lender quoting rates that would have been the best of 2017 any other time before...
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Schedule for Week of Sept 10, 2017

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Schedule for Week of Sept 10, 2017

The key economic reports this week are August retail sales and the Consumer Price Index (CPI). For manufacturing, August industrial production, and the September New York Fed manufacturing survey, will be released this week. —– Monday, Sept 11th —–No major economic releases scheduled. —–...
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Mortgage Rates at 2017 Lows

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Mortgage Rates at 2017 Lows

From Matthew Graham at Mortgage News Daily: Mortgage Rates Little-Changed at 2017 Lows Mortgage rates didn’t move much today, despite plenty of strength in underlying bond markets.  This would normally coincide with lower rates, so what’s the deal? The main issue is timing.  Bond markets weakened...
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