Day Before Thanksgiving
November 25, 2015
The slew of U.S. economic indicators released early this week leaves a December rate hike highly probable.
- Second-quarter GDP growth got revised to 2.1% from 1.5% despite a slightly softer consumption figure than estimated before.
- New jobless insurance claims last week was at a very low 260K.
- The Case-Shiller house price report covering major metropolitan areas recorded the largest monthly increase in a half year. The FHFA home price index climbed 0.8%.
- A composite purchasing managers index compiled by Markit Economics increased 1.1 points to a robust 56.1 in November.
- New home sales in October rebounded 10.7% in October to 495K.
- The Chicago Fed National Activity Index rose 0.25 points to -0.04 in October.
- Durable goods orders jumped 3.0% in October.
- Personal income rose 0.4% last month, twice expectations.
San Francisco Fed President Williams joined other officials in proclaiming that it’s time to begin rate normalization.
Turkey’s central bank left its 1-week repo rate unchanged at 7.5% as expected.
French consumer confidence remained steady in November.
Japanese small business sentiment rose 1.2 points to 49.9, highest in November.
No substantial market changes have occurred.
Copyright 2015, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: U.S. data
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