U.S. Household Gasoline Expenditures in 2015 on Track to be the Lowest in 11 Years

December 18th, 2014
in econ_news

by Tom Doggett and Russ Tarver, U.S. EIA

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.

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Fed's Balance Sheet 17 December 2014 Sets New Record High

December 18th, 2014
in econ_news, syndication

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 .....

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Infographic of the Day: The Culinary Similarities Between Thai and Lao Cooking

December 18th, 2014
in News, econ_news, syndication

Warning: Contents of this infographic will make you hungry!

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Wikipedia Raised $50+ Million Last Year

December 18th, 2014
in News, econ_news, syndication

by Felix Richter, Statista.com

If you visited Wikipedia lately, and chances are you did, you probably came across a big banner asking for your help to keep Wikipedia alive in its current (ad-free) form.

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13 December 2014 Initial Unemployment Claims Rolling Average Marginally Improves and Remains Near Historic Lows

December 18th, 2014
in econ_news, syndication

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.

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