December 18th, 2014
The average U.S. household is expected to spend about $550 less on gasoline in 2015 compared with 2014, as annual motor fuel expenditures are on track to fall to their lowest level in 11 years. Lower fuel expenditures are attributable to a combination of falling retail gasoline prices and more fuel-efficient cars and trucks that reduce the number of gallons used to travel a given distance.
Total Fed Balance Sheet
Fed's Balance Sheet week ending balance sheet was $4.462 trillion - up from the record $4.452 trillion for week ending 19 November 2014 and up from the $4.448 trillion for week ending 10 December. The balance sheet has insignificantly declined from its peak. Note that on the 29 October 2014, the Federal Reserves governing board (FOMC) stated that .....
Warning: Contents of this infographic will make you hungry!
13 December 2014 Initial Unemployment Claims Rolling Average Marginally Improves and Remains Near Historic Lows
Blue Line 4 Week Average
The market was expecting the weekly initial unemployment claims at 288,000 to 300,000 (consensus 295,000) vs the 289,000 reported. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 299,500 (reported last week as 299,250) to 298,750. Rolling averages under 300,000 are excellent.