Commentaries

August 03, 2018

Personal Income was up 0.4% for June, with the PCE Price Index up 0.1%. The U.S. Employment Cost Index was up 2.8% for the second quarter of 2018 on an annualized basis, consistent with the prior quarter. The Chicago Purchasing Managers' Index came in at a strong 65.5 for July. Factory orders accelerated for June, up 0.7% vs. +0.4% for May. The PMI and ISM Services Indexes came in at around 56 for July. Finally, the U.S. unemployment rate was 3.9% for July.
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July 27, 2018

New U.S. Single-Family Home Sales came in at 631,000 annualized units for June, versus 668,000 expected. Durable Goods Orders were up 1.0% for June, with demand fairly well diversified. U.S. Real GDP growth was 4.1% for the second quarter of 2018, approximately in line with expectations. The GDP Price Index was up 3.0%.
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