Ouch, I just got hit with a $3,000 automobile repair bill. I find going to the car mechanic worse than going to the dentist. Why? Because I am sure the cost of it all will be shocking! I decided to take a closer look at this insanity and here’s what I found. According to the
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Retail Sales – Are consumers spending, if so, where?
What do December’s retail sales figures tell us about the strength of consumer spending? Looking back over the past 24 months retail sales averaged 4.1% annual growth compared to its 2.6% average. Sales were led by the auto sector, health/personal card stores and home furnishings. Department stores on the other hand showed -8.4% decreases. The
read more Retail Sales – Are consumers spending, if so, where?Fed Chair Yellen’s Transcript
Transcript of Chair Yellen’s Press Conference Opening Remarks December 14, 2016 CHAIR YELLEN: Good afternoon. Today, the Federal Open Market Committee decided to raise the target range for the federal funds rate by 1/4 percentage point, bringing it to 1/2 to 3/4 percent. In doing so, my colleagues and I are recognizing the considerable progress
read more Fed Chair Yellen’s TranscriptBond Rates Are Rising, What’s It Mean?
What are bonds telling us about inflation expectations, post election? In July, the bond market looks to have bottomed, since then, rates have increased .85% and .84% on the 10 and 30 year treasury bonds, respectively. The increase has stirred a reasonable amount of concern of what’s to come. Here are the facts – yields
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