LAST WEEK

News & Commentary Weekly Highlights:

• Real Clear Markets: Will They or Won’t They? The FOMC Is Barely Trying Anymore (Friday)
• Wall Street Journal: Enrollment in Student-Debt Relief Plans Surges (Thursday)
• Forbes: Why China’s Devaluation, While Small, Is Bad News for the Global Economy (Wednesday)
• Investor’s Business Daily: Is Economic Malaise of Obama Years Due to a Loss of Freedom? (Wednesday)
• Wall Street Journal: U.S. Lacks Ammo for Next Economic Crisis (Monday)

 

Top Economic Indicator Highlights:

Consumer Price Index (July)

• Change from previous month: 0.1%
• Change less food & energy (M/M): 0.1%
• Noteworthy: The indexes for food and energy rose slightly in July, with the gasoline index more than offsetting the declines in other energy component indexes. The headline index rose 0.2% over the last 12 months, unadjusted. Core CPI (less food and energy) has increased 1.8% over the past 12 months.
• Series Detail: The CPI is a collection of indexes that measures the average change in consumer prices over time for a fixed basket of goods and services from the perspective of the consumer, whereas the producer price index for final demand (PPI-FD) measures price changes from the producer’s perspective.

 

THIS WEEK

Upcoming Economic Reports & Releases:

Major Indicators

• S&P Case-Shiller Home Price Index (9am, Tuesday)
• New Home Sales (10am, Tuesday)
• Durable Goods Orders (8:30am, Wednesday)
• Gross Domestic Product (8:30am, Thursday)
• Pending Home Sales Index (10am, Thursday)
• Personal Income and Outlays (8:30am, Friday)

 

Chart of the Week: 

The chart above provides a comparison of the pre-revised data on real personal disposable income per capita and after the annual revisions completed by the Bureau of Economic Analysis are incorporated. As is shown, post-revision data indicate per capita real disposable personal income was slightly higher briefly in 2012 and significantly lower than previously estimated from January 2013 forward.