Economic Indicators

Consumer Sentiment: Further Slump

Friday, 03/31/23
Consumer sentiment fell even further in the second half of March after dropping in the days leading up to the bank failures, according to the University of Michigan's latest revisions to its...

4Q22 GDP: Consumer Ended 2022 On A Slow Note

Thursday, 03/30/23
The 4th Quarter ended on a slow note for consumption. GDP was revised from 2.7% to 2.6% in the third estimate. That's down from 2.9% in the advance reading, with consumption dropping...

Jobless Claims: Modest Increase

Thursday, 03/30/23
Jobless claims rose slightly more than expected last week, pushing back towards 200k. Claims in Michigan, still a state where jobless claims are heavily influenced by the auto industry, rose...

Mortgage Apps: Further Stabilization

Wednesday, 03/29/23
Despite historically high mortgage rates (30-year fixed still over 6.5%) and bank failures, mortgage applications continued to rise modestly over the last four weeks. Gains were led by...

Case Shiller Home Prices: Seven Months of Declines

Tuesday, 03/28/23
Home prices fell for the seventh consecutive month in January, dropping slightly less than expected. Declines were the largest in the West, led by the San Francisco Bay Area. The hardest hit regions,..

Consumer Confidence: Modest Rebound

Tuesday, 03/28/23
The Conference Board's Consumer Confidence Index rebounded modestly in March after surprisingly sharp declines in February. However, the index remains depressed with the expectations...

Jobless Claims: Steady, Still No Uptick

Thursday, 03/23/23
Jobless claims fell slightly last week, coming in below expectations for a modest increase. Claims have remained historically low and have shown no signs of edging higher...

New Home Sales: Muted But Bottoming

Thursday, 03/23/23
New home sales in February were lower than expected, and there were downward revisions to January's surprisingly strong data. Average sale prices inched higher. Overall, new...

FOMC Update

Wednesday, 03/22/23
The FOMC raised its benchmark rate by 25bp to a new range of 4.75%-5.00%, the highest since September 2007. This rate hike marks the 9th hike in a row since the Fed began hiking in May 2022. The Fed anticipates that...

Mortgage Apps: Third Week of Gains Despite Volatility

Wednesday, 03/22/23
Mortgage applications rose for the third consecutive week, despite massive interest rate volatility and banking uncertainty. The 30-year mortgage rate fell sharply, dropping to an average of...

Existing Home Sales: Strong Rebound

Tuesday, 03/21/23
Existing home sales rebounded in February after hitting decade-plus lows in January. While the rebound was statistically significant and much sharper than expected, it is still too early to...

03/08/2023 - ADP: Solid Rebound
02/01/2023 - ADP: Slower Job Gains
02/01/2023 - FOMC Update
12/14/2022 - FOMC Update
11/02/2022 - FOMC Update
09/21/2022 - FOMC Update
07/27/2022 - FOMC Update
06/15/2022 - FOMC
05/04/2022 - FOMC