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Posts Tagged ‘ funds ’

Thursday: Existing Home Sales, Unemployment Claims, Philly Fed Mfg, Flow of Funds

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Thursday: Existing Home Sales, Unemployment Claims, Philly Fed Mfg, Flow of Funds

Note: The weekly claims report will be for the week ending September 15th. Hurricane Florence impacted the Carolinas starting around September 13th, so there might be some increase in claims due to the hurricane, but it is more likely a bump in claims will happen this week (to be reported next week). Thursday:• At...
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Friday: Flow of Funds

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Friday: Flow of Funds

Friday:• At 8:30 AM ET, University of Michigan’s Consumer sentiment index (preliminary for December). The consensus is for a reading of 94.1, up from 93.8 in November. • Also at 10:00 AM, Monthly Wholesale Trade: Sales and Inventories for October. The consensus is for a 0.4% decrease in inventories. • At 12:00 PM, Q3...
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Thursday: Unemployment Claims, Q1 Flow of Funds

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Thursday: Unemployment Claims, Q1 Flow of Funds

Earlier today the Q1 Quarterly Services Report was released. Economist Joseph Brusuelas noted that this should boost Q1 PCE from 1.9% to 2.4% annualized growth rate. That should push up Q1 GDP a little more. Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for 270...
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Goldman Sachs on Fed Funds rate: “Fairly easy path to a second hike in March”

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Goldman Sachs on Fed Funds rate: “Fairly easy path to a second hike in March”

A few excerpts from a research piece by Goldman Sachs economists David Mericle and Daan Struyven A Road Map to Hikes in March and Beyond The FOMC raised its target range for the federal funds rate to 0.25-0.50% this week, shifting attention to the pace of subsequent hikes. While the median dot indicates a...
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Fed’s Flow of Funds: Household Net Worth Declined in Q3

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Fed’s Flow of Funds: Household Net Worth Declined in Q3

The Federal Reserve released the Q3 2015 Flow of Funds report today: Flow of Funds. According to the Fed, household net worth decreased in Q3 compared to Q2: The net worth of households and nonprofits fell to .2 trillion during the third quarter of 2015. The value of directly and indirectly held corporate equities...
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Yellen: Expect Rate Hike in 2015, Several Years before Fed Funds Rate “back to normal” level

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Yellen: Expect Rate Hike in 2015, Several Years before Fed Funds Rate “back to normal” level

From Fed Chair Janet Yellen: The Outlook for the Economy f the economy continues to improve as I expect, I think it will be appropriate at some point this year to take the initial step to raise the federal funds rate target and begin the process of normalizing monetary policy. To support taking this...
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Thursday: Retail Sales, Unemployment Claims, Q3 Flow of Funds

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Thursday: Retail Sales, Unemployment Claims, Q3 Flow of Funds

Big stories today: Falling oil prices, possible budget deal, and Q3 GDP likely to be revised up. On oil prices, from the WSJ: Oil Prices Tumble Amid Global Supply Glut The benchmark U.S. oil price slid 4.5% to .94 a barrel, the lowest level since July 2009 on the New York Mercantile Exchange. It...
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Thursday: Trade Deficit, Unemployment Claims, Q4 Flow of Funds

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Thursday: Trade Deficit, Unemployment Claims, Q4 Flow of Funds

With housing for sale inventory still low, I expect to see some upward revisions to 2013 house price forecasts. The consensus is for prices to increase about 3% this year. From Merrill Lynch tonight: Paying homage to home prices. Our mortgage strategists and economists provide an upbeat assessment of the January CoreLogic release that...
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Do funds have to be “seasoned” for Closing costs?

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Question by Rachael H: Do funds have to be “seasoned” for Closing costs? I have a FHA loan.. found a house at a great price.. but I have to cover closing costs. I was just wondering.. do they have to be “seasoned”,or earned money… or does the bank even care? Thanks. Greeter: LOL. Get...
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