Weekly Economic Update March 2-6, 2015
LAST WEEK
Daily Econ Digest Weekly Highlights:
- Real Clear Markets: A Recovery Unlike Any In Recorded History (Friday)
- Wall Street Journal: U.S. Productivity Now Grows Faster Than Jobs. What Changed? (Wednesday)
- Fiscal Times: The Incessant Myth of the Growing Wealth Gap (Tuesday)
- Investors: Wal-Mart's Raise Is Exhibit A In Why Minimum Wage Is Bad Idea (Monday)
- Wall Street Journal: The Search for a Monetary-Policy Wizard and Political Moral Hazard (Monday)
Top Economic Indicator Highlights:
Consumer Price Index (January)
- CPI: -0.7%, 12-mo avg.: 0.0%, Year/Year Change: -0.2%
- CPI less food & energy: 0.2%, 12-mo avg.: 0.1%, Year/Year change: 1.6%
- Noteworthy: A sharp 18.7% drop in gasoline prices, following a 9.2% decrease in December, led the decrease in this month’s headline CPI. Energy overall fell 9.7%; food was unchanged. The BLS also notes that it began using a new estimation system for CPI starting with data for January 2015, and it is the first major improvement to the system in more than 25 years.
THIS WEEK
Upcoming Economic Reports & Releases:
Major Indicators
- Personal Income & Spending (8:30am, Monday)
- ISM Manufacturing Index (10am, Monday)
- Construction Spending (10am, Monday)
- Vehicles Sales (Tuesday)
- ISM Non-Manufacturing Index (10am, Wednesday)
- Productivity and Costs (8:30am, Thursday)
- Factory Orders (10am, Thursday)
- Employment Situation (8:30am, Friday)
- International Trade (8:30am, Friday)
- Consumer Credit (3pm, Friday)
Reports
Chart of the Week:
