Source: Bureau of Economic Analysis Personal income growth quickened in February after a months-long slowdown, as disposable income grew faster while personal spending decelerated. QQQ is down 0.24%. Personal increased by $101.5 billion or 0.5% in February from the previous month. This is faster than the 0.1% growth recorded in January.Disposable personal income … [Read more...] about Personal Income Grows Faster in February as Spending Decelerates
USA
US Weekly Jobless Claims Unexpectedly Jumped by 14,000 to 202,000
Source: US Department of Labor Applications for US state unemployment insurance claims increased more than expected last week, possibly a blip in a tight and rebounding labor market. DXY up +0.49%, EUR USD down -0.73% The initial unemployment claims rose by 14,000 to 202,000 in the week ended March 26. The average estimate from a Bloomberg survey of economists was … [Read more...] about US Weekly Jobless Claims Unexpectedly Jumped by 14,000 to 202,000
US Mortgage Rates Climb by Decade-High to Historic 4.8%
Source: Reuters Mortgage rates in the United States grew at the fastest pace in over a decade in the past week, with investors repositioning for more rate hikes by the Federal Reserve. XHB is down 1.86%, while ITB is down 1.07%. Data from the Mortgage Bankers Association (MBA) showed that the 30-year fixed-rate mortgage rate increased to 4.8% in the week ending March 25, … [Read more...] about US Mortgage Rates Climb by Decade-High to Historic 4.8%
US Fourth-Quarter 2021 GDP Growth Downgraded to 6.9%
Source: Bureau of Economic Analysis The United States’ economic growth in the fourth quarter of 2021 was slightly downgraded, reflecting changes in personal spending. QQQ is down 0.41%. Fourth-quarter 2021 gross domestic product growth was revised downward to 6.9%, from the 7.0% announced by the government earlier.The changes were made as personal consumption expenditures … [Read more...] about US Fourth-Quarter 2021 GDP Growth Downgraded to 6.9%
US Private Sector Growth Slips to Lowest in Seven Months
Source: ADP Private sector employment growth fell to a seven-month low in March, with the services sector accounting for most of the jump during the month. QQQ is down 0.41%. Total US nonfarm private employment climbed y 455,000 in March, lower than 486,000 in February and 894,000 in March 2021.The latest reading is the lowest increase in seven months since private … [Read more...] about US Private Sector Growth Slips to Lowest in Seven Months
