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Thursday: CPI, Unemployment Claims, Fed Chair Powell Testimony

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Thursday: CPI, Unemployment Claims, Fed Chair Powell Testimony

This should be interesting: The BLS told me today that the “newest set of Labor Force projections through 2028 is set to be released Wednesday September 4th 2019″. Thursday:• At 8:30 AM, The initial weekly unemployment claims report will be released.  The consensus is for 216 thousand initial claims, down from 221 thousand last...
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Tuesday: Job Openings

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Tuesday: Job Openings

From Matthew Graham at Mortgage News Daily: Mortgage Rates Under Some Pressure Mortgage rates began the day in slightly lower territory compared to last Friday afternoon, but they’d risen noticeably from Wednesday to Friday. The recovery seen this morning wasn’t enough to get them back in line with Wednesday’s levels. To make matters slightly...
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Schedule for Week of July 7, 2019

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Schedule for Week of July 7, 2019

The key report this week is June CPI. Fed Chair Jerome Powell will testify on the Semiannual Monetary Policy Report to the Congress on Wednesday and Thursday. —– Monday, July 8th —–3:00 PM: Consumer Credit from the Federal Reserve. —– Tuesday, July 9th —–6:00 AM ET: NFIB Small Business Optimism Index for June. 10:00...
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Reis: Mall Vacancy Rate Mostly Unchanged in Q2 2019

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Reis: Mall Vacancy Rate Mostly Unchanged in Q2 2019

Reis reported that the vacancy rate for regional malls was 9.3% in Q1 2019, unchanged from 9.3% in Q1 2018, and up from 8.6% in Q2 2018. This is down slightly from a cycle peak of 9.4% in Q3 2011, and up from the cycle low of 7.8% in Q1 2016. For Neighborhood and...
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Reis: Office Vacancy Rate increased in Q2 to 16.8%

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Reis: Office Vacancy Rate increased in Q2 to 16.8%

Reis reported that the office vacancy rate was at 16.8% in Q2, up from 16.7% in Q1 2019. This is up from 16.6% in Q2 2018, and down from the cycle peak of 17.6%. From Reis Chief Economist Victor Calanog: The office vacancy rate rose slightly over the quarter to 16.8% from 16.7% in the...
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June 2019: Unofficial Problem Bank list increased to 76 Institutions, Q2 2019 Transition Matrix

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June 2019: Unofficial Problem Bank list increased to 76 Institutions, Q2 2019 Transition Matrix

Note: Surferdude808 compiles an unofficial list of Problem Banks compiled only from public sources. DISCLAIMER: This is an unofficial list, the information is from public sources and while deemed to be reliable is not guaranteed. No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein and...
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Q2 GDP Forecasts: Around 1.5%

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Q2 GDP Forecasts: Around 1.5%

From Goldman Sachs: The May core PCE price index increased 0.19% month-over-month, close to expectations, but the year-over-year exceeded consensus by a tenth reflecting the price revisions in yesterday’s GDP report. Personal spending increased by 0.4% and was revised higher in April, and the personal saving rate remained flat at 6.1%. We left our...
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MBA: Mortgage Applications Increased in Latest Weekly Survey

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MBA: Mortgage Applications Increased in Latest Weekly Survey

From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 1.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 21, 2019. … The Refinance Index increased 3 percent from the previous week. The seasonally adjusted...
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Sunday Night Futures

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Sunday Night Futures

Weekend:• Schedule for Week of June 23, 2019 Monday:• At 8:30 AM ET, Chicago Fed National Activity Index for May. This is a composite index of other data. • At 10:30 AM, Dallas Fed Survey of Manufacturing Activity for June. From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are up 1 and DOW...
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BLS: Unemployment Rates in May at New Series Lows in Texas and Vermont

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BLS: Unemployment Rates in May at New Series Lows in Texas and Vermont

From the BLS: Regional and State Employment and Unemployment Summary Unemployment rates were lower in May in 6 states, higher in 2 states, and stable in 42 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported today.… Vermont had the lowest unemployment rate in May, 2.1 percent. The rates in...
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