Stocks Slump After FOMC July 2013 Decision Ahead Of Jobs Number

FOMC More Accommodative After Rocky June: Stocks fell today in the afternoon after the FOMC kept interest rates at the same level and stayed accommodative as we expected.  The recent jump in home sales may be short-lived as consumers recalibrate and look forward to low interest rates ‘indefinitely’.  Ben Bernanke and company mentioned nothing about[…]

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April 7, 2012 Initial Jobless Claims Temper Markets As Investors Await Earnings from Tech and Financials

April 7, 2012 Initial Jobless Claims Temper Markets As Investors Await Earnings from Tech and Financials: Initial jobless claims increased jumped unexpectedly which raised concerns that the U.S. job market could continue to grow at a sluggish pace for the next few months.  This is the first time jobless claims have risen in a year[…]

State Budget Deficits & Private Sector Growth

Some State Budgets Pose Problems: The global climate was been a concern recently with Portugal making headlines, but some state budgets are deep in red.  AP reported today that various state budgets are running large deficits and they detail some of the problems state legislatures are having due to the recession. Private Sector Growth The[…]

Jobs Data May Be Temporarily Noisy

The Labor Department reported today that initial claims for jobless benefits dropped.  The seasonally adjusted rate of fell to 445,000, a decrease by 11,000.  This is the fourth time in the last five weeks that jobless benefits claims applications have dropped which may be a sign that while employers are not necessarily willing to hire,[…]