We had a very interesting set of economic releases last week. On Tuesday, the August Retail Sales number showed an increase of 0.6% for...

This morning we saw the release of the always-important Non-Farm Payrolls report for August. The report showed a disappointing net gain...

This morning, we saw the first revision to the initial estimate for 2 nd Qtr. GDP in the United States. The release showed the economy...

This morning we saw a rebound in Personal Income for the month of June. Income for the month of June was up 0.3%, compared to a decline of 0.4% during May. Given this rebound, Personal Spending increased by 0.3% during June compared to a flat reading the prior month. The positive spending trends were mostly in nondurable goods and services. The Fed’s preferred measure of inflation, PCE, was also released earlier today. On a year-over-year basis, the PCE Index (personal consum

We have had two key measures of inflation released this week. Interestingly, the two indices were viewed as being totally opposite in how we should view inflation within the economy. I'm not in that mode and believe we are continuing to see inflation generally at a lower rate and should allow interest rates to continue to fall through year-end. On Tuesday, we saw various releases as they pertain to the direct consumer related CPI. The Consumer Price Index was up 0.3% during