US retail sales are expected to increase 0.3% in tomorrow’s November report vs. the previous month, according to The Capital Spectator’s average point forecast for several econometric estimates. The average prediction reflects a moderate improvement in growth over the previous month’s sluggish gain.
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Daily Archives: December 10, 2015
Higher Treasury Yields Point To A Rate Hike Next Week
The case for raising interest rates is wobbly at best, but the Federal Reserve may start the squeezing process at its monetary policy meeting next week. Exhibit A for the hawkish view is the encouraging rise in nonfarm payrolls in October and November. The problem is that there’s no shortage of data that paints a softer profile, including the Atlanta Fed’s GDPNow model, which is currently projecting (as of Dec. 4) a tepid 1.5% rise in US GDP for the fourth quarter.
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Initial Guidance | 10 December 2015
● US Wholesale Inventories Unexpectedly Dip 0.1% In Oct | RTT
● US small-bsusiness owners’ optimism continues to inch lower | Gallup
● Falling gas prices may be boosting consumer spending | CBS MoneyWatch
● US middle class no longer a majority | LA Times
● Fed tightening threatens share buy-backs | Reuters