US retail sales are expected to rise 0.2% in tomorrow’s April report vs. the previous month, according to The Capital Spectator’s median point forecast for several econometric estimates. The median prediction reflects a substantial deceleration in growth vs. the previous month’s 0.9% advance. Recent surveys of economists also project a considerably lesser rate of growth for retail spending in April.
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Daily Archives: May 12, 2015
The Fed’s Labor Market Conditions Index Close To 3-Year Low
US payrolls bounced back in April, rising a solid 223,000 after March’s dismal gain of just 85,000. The news cheered the crowd and renewed faith in the case for macro optimism. But if the second-quarter is on the path of recovery after a rough winter, it’s not obvious in the Federal Reserve’s 19-factor Labor Market Conditions Index (LMCI), which ticked lower again in April and posted its second-consecutive negative reading.
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Initial Guidance | 12 May 2015
● Fed’s Labor Market Conditions Index At 3-Year Low In April | Action Forex
● Conference Board Employment Trends Index Ticks Up in April | CB
● U.K. Industrial Output Unexpectedly Rises Most in 6 Months | Bloomberg
● Fed’s Dudley: Interest Rate Increases Will Mark Regime Shift | Bloomberg
● No respite in sell-off of low-risk bonds | Reuters
● Bank of France: French economy will grow 0.3% in Q2 | RTT