Written by Doug Short and Steven Hansen
The Conference Board Consumer Confidence Index increased to 101.1, compared to 96.7 in July. The market expected (from Bloomberg) this index to come in between 94.5 to 98.3 (consensus 97.3).
Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.
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from the St Louis Fed
One of the major intents of the Fed's large-scale asset purchase programs was to drive longer-term interest rates down, thus encouraging people to spend more. But how did these large-scale asset purchases affect the economy as a whole, and did the composition of assets purchased matter?
Infographic Of The Day: 8 DIY Activated Charcoal Beauty Recipes
Activated charcoal has become one of the hottest trends in the DIY beauty industry and for good reason.
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30Aug2016 Pre-Market Commentary: US Futures Flat Ahead Of The Morning Opening, Crude Prices Rise Moderately Along With The US Dollar, Investors Remain Concerned With Timing Of Next Rate Hike
by Lee Adler, Wall Street Examiner
Good guy Sam Ro, now at Yahoo, tweeted out a chart by Bank of America Merrill Lynch (BAML) this morning showing that low wage job gains have outpaced gains in high wage jobs.I happen to keep charts on wage growth by industry, so I know a little about the subject. I had my usual calm and measured response.
Buy When There's Blood In The Streets - Part 2 Of Not The Best Time In History To Invest In Real Est
Written by Gary
U.S. stock index futures are struggling for direction this morning (SPY -0.02), as investors looked ahead to U.S. economic data on the timing of the next U.S. rate hike. Eurozone confidence edged lower in August, Crude Prices rebounded moderately, but glut concerns limit gains.
29Aug2016 Market Update: Wall Street Continues To Melt Upward From Opening, US Dollar Now Falling, G
Written by Steven Hansen
The non-seasonally adjusted Case-Shiller home price index (20 cities) year-over-year rate of home price growth slowed from 5.3 % to 5.1 %. However, the index authors stated "home prices have risen at a consistent 4.8% annual pace over the last two years without showing any signs of slowing".