U.S. April 2012 Monthly Unemployment Report Could Be The Most Significant Data Point This Year So Far: This Friday, May 4 2012 may be one of the most important days for economic data so far this year. The unemployment data for the month of April 2012 will be released and it will set the...
First Quarter 2012 Preliminary GDP Lower Than Expected At 2.2: Are Summer Doldrums Setting In? The U.S. economy is growing but slowing. The Commerce Department reported today that the economy grew at 2.2 percent which was lower than most economists were expecting with a general consensus around 2.5 percent. U.S. gross domestic product fell...
March 2012 Pending Home Sales Rise While April 21, 2012 Jobless Claims Marginal – Fed Seen As Dovish: Pending Home Sales Rise 4.1 Percent In March 2012 The economic data is turning from mixed-positive to mixed. Pending home sales rose 4.1 percent for March 2012 the National Association of Realtors said today. This is the highest...
April 25, 2012 FOMC Meeting Keeps Rates Unchanged, Upgrades Jobs and GDP Forecasts: Jobs growth is sluggish but FOMC sees better growth ahead. The Federal Open Market Committee kept interest rates unchanged leaving the current target rate at 0 to 0.25 percent. Chairman Ben Bernanke held a press conference today and assured market participants...
U.S. Markets Rebound As Apple’s 1st Quarter 2012 Earnings Beat Street With Mixed Economic Data: Housing market data was marginally negative today as the Case Schiller index reached new lows. February 2012 housing prices reached levels that haven’t been seen since 2002 which suggests homebuyers are still looking for bargains, finding it difficult to...
