Weekly Economic Update January 26 - 30, 2015
Daily Econ Digest Weekly Highlights:
- Bloomberg View: Cheap Gas Won't Stick Around (Friday)
- Real Clear Market: One Year After the ACA, Healthcare That Is Less Affordable and Accessible (Wednesday)
- Economics21: Ignoring the Yield Curve May Be Dangerous to Your Health (Wednesday)
- Market Watch: IMF cuts global economic-growth outlook (Monday)
- Wall Street Journal: The State of the Economy, in Eight Charts (Monday)
Top Economic Indicator Highlights:
Housing Starts (December)
Starts
- Starts Level: 1,089,000, 12-mo avg.: 1,003,700, Year-over-year: +5.3%
- Previous month: 1,043,000
- Market expectation: 1,041,000
- Underlying component changes: The single-family component of housing construction starts was strong.
Permits
- Permits Level: 1,032,000, 12-mo avg.: 1,021,200, Year-over-year: +1.0%
- Previous month: 1,052,000
- Market expectation: 1,060,000
- Underlying component changes: Single-family permits to build increased 4.5% while multifamily permits fell 11.8%.
THIS WEEK
Upcoming Economic Reports & Releases:
Reports
- CBO Budget and Economic Outlook: 2015-2025 (2pm, Monday)
Major Indicators
- Durable Goods Orders (8:30am, Tuesday)
- S&P Case-Shiller Home Price Index (9am, Tuesday)
- New Home Sales (10am, Tuesday)
- Federal Open Market Committee (FOMC) Meeting Announcement (2pm, Wednesday)
- Pending Home Sales Index (10am, Thursday)
- GDP (8:30am, Friday)
- Employment Cost Index (8:30am, Friday)
Chart of the Week: