Category: Currency Currents

The Post-FOMC Minutes, Pre-Turkey Day, Data Dump

Here's the data dump:

  • Weekly jobless claims have fallen to a level not seen since July 2008. That's good.
  • Durable goods orders fell by -3.3% versus expectations for no change. That's bad.
  • The year-over-year PCE price index a tad lower than expectations; core PCE price index at record low. Where's the inflation?
  • Consumer spending a tad higher than expectations: +0.3% versus +0.2%. That's decent.
  • US personal saving rate a tad higher than expectations, up +0.1% from September to October. That's decent.
  • US personal income rose by 0.5%. That¡¦s good.

alt