by Doug Short, Advisor Perspectives/dshort.com The University of Michigan Consumer Sentiment preliminary number for March came in at 79.9, a decline from the 81.6 February final. Today’s reading was below the Investing.com forecast of 82.0. The index is off its 85.1 interim high set in July of last year.
by Doug Short, Advisor Perspectives/dshort.com Despite an unseasonably cold winter that has dinged some economic indicators, the University of Michigan Consumer Sentiment final number for February came in at 81.6, a bit stronger than the 81.2 January final. Today’s reading fractionally beat the Investing.com forecast of 81.3. The index is off its 85.1 interim high set …
Written by Doug Short and Steven Hansen The second estimate of fourth quarter 2013 Real Gross Domestic Product (GDP) is now a positive 2.4%. The market expected GDP at 2.2% to 2.8% (consensus 2.5%). This data point was 3.2% in the advance GDP estimate.
Written by Doug Short and Steven Hansen The February 2014 Conference Board Consumer Confidence Index declined. The market expected this index to come in at 78.0 to 82.0 (consensus 80.1) versus the 78.1 reported.
by Doug Short and Steven Hansen The January 2014 Consumer Price Index (CPI-U) year-over-year inflation rate increased again marginally fueled by rise in energy prices.