Oct. 27- Pending Home Sales (Sep):
Number of contracts signed to buy previously-owned homes went up in September to the secondly highest level since August 2013. The index rose 0.3% to 105. A level of 100 is considered an average level of contract activity. September's rise missed the 0.8% forecast set by economist on survey conducted by Bloomberg.
http://www.forbes.com/sites/erincarlyle/2014/10/27/pending-home-sales-inch-up-in-september/
Oct. 28- S&P Case-Shiller, Home Price Index (Aug) and Consumer Confidence:
Case-Shiller (Aug)
Growth in home sales prices in the US has slowed to rate of 5.1% (seasonally adjusted) over prices one year earlier and down from the 5.6% jump in July. Cleveland was the only city where annual gains did not slow down. Las Vegas and Miami were the only cities to report double digit annual price gains.
Consumer Confidence
Consumer confidence advance to a level of 94.5 this month, which is the highest level since October 2007. More job security, gasoline prices at all time lows, and strengthening of the labor market have helped for a strong expansion.
Oct. 29- FOMC Meeting Results:
Today, the Fed announced that it will end its QE program at the end of this month and will keep its benchmark rate near zero for a "considerable time". Economic numbers have lead the Fed to end its QE program.
http://www.latimes.com/business/la-fi-federal-reserve-stimulus-20141030-story.html#page=1
Oct. 30- Real GDP (Q3 Annualized (Advanced)), Personal Consumption (Q3), Initial and Continuing Jobless Claims:
Real GDP
GDP grew by 3.5% annualized for Q3 and beat forecast set by economist. The economy has capped its best performance in the last 6 months in over a decade. GDP picked up since we had gains in government spending and a shrinking trade deficit. This is great overall, since it shows the US economy gaining steam and traction overcoming some global economic worries.
Personal Consumption (Q3)
Personal Consumption increased by 1.2% and dropped from last quarter's increase of 2.3%. This directly affects our inflation number where economist were hoping for more spending.
http://online.wsj.com/articles/u-s-treasury-prices-mixed-after-growth-data-1414675271
Initial and Continuing jobless claims
First-time claims for unemployment rose to a seasonally adjusted amount of 287,000, remaining near 2000 levels. Continuing claims rose by 3,000. These number means there are few workers getting laid off and sign of a stronger economy.
http://www.usatoday.com/story/money/business/2014/10/30/jobless-claims/18166865/
Oct. 31- Personal Income and Spending (Sep), PCE and Core Price Index (Sep), Umich Consumer Sentiment (Oct)
Personal Income and spending (Sep)
"U.S. consumer spending fell in September for the first time in eight months, suggesting the economy lost some momentum heading into the fourth quarter. The Commerce Department said on Friday consumer spending declined 0.2 percent last month as demand for goods tumbled and services barely rose."" Income rose 0.2 percent in September after increasing 0.3 percent in the prior month. With income growth outpacing consumption, savings jumped to $732.2 billion, the highest level since December 2012, from $702 billion in August."
http://www.cnbc.com/id/102140251#.
Core Price Index (Sep)
"Theprice index for personal consumption expenditures (PCE) increased 1.2 percent in the third quarter after increasing 2.3 percent in the second. Excluding food and energy prices, the PCE price index increased 1.4 percent after increasing 2.0 percent."
http://www.bloomberg.com/news/2014-10-30/u-s-third-quarter-advance-gdp-technical-note-text-.html
Umich Consumer Sentiment (Oct)
"The Thomson Reuters/University of Michigan's final October reading on the overall index on consumer sentiment finished at 86.9, the highest level since July 2007, up from 84.6 at the end of September." This show growing optimism in our US economy.
http://www.reuters.com/article/2014/10/31/us-usa-economy-sentiment-idUSKBN0IK1HD20141031
