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MARKET TRENDS: Inflation Soft, Current Account Deficit Widens
Posted on June 19, 2015

Consumer prices posted the biggest gains in May over the last two years, triggered by a surge in oil prices. The Consumer Price Index (CPI), a measure of the price movement of goods and services bought for consumption, advanced 0.4% month-over-month (MoM) in May, the Department of Labor said on Thursday. The market had expected [...]


MARKET TRENDS: Fed Hike Likely in 2015
Posted on June 19, 2015

The U.S. Federal Reserve is on track to raise historically low interest rates on the back of an improving economy and after a winter setback. However, the Fed remains unsure of the second rate hike timing. It believes that the economy should be strong enough to support the rate hike by the end of 2015,[...]


MARKET TRENDS: U.S. Mortgage Applications Fall on Rising Interest Rates
Posted on June 17, 2015

Applications for U.S. home mortgages fell last week as interest rates rose to their highest levels since October 2014, an industry group said on Wednesday. Mortgage applications activity, which includes both refinancing and home purchase demand, decreased 5.5% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s Weekly Mortgage Applications Survey. [...]


MARKET TRENDS: Housing Starts Tumble, Permits Steady
Posted on June 16, 2015

Housing starts, which is defined as construction of a new building intended primarily as a residential building, retreated in May after a robust increase in the previous month. The dip in single family construction, which forms the largest portion of the market, primarily drove the decline. However, an increase in building permits for future construction [...]


What Are Americans Worried About? The US Security Index
Posted on June 16, 2015

Technology is responsible for making our lives easier in so many ways. But according to recent data, it’s also the chief cause of many concerns of the typical American citizen. Allow me to explain. This year’s Unisys US Security Index report is out (Source: http://www.unisyssecurityindex.com/usi/us). The report details the things that U.S. citizens are worried[...]


MARKET TRENDS: Summary for the Week Beginning June 15, 2015
Posted on June 15, 2015

The Industrial Production and Empire State Manufacturing Survey for June came in at a sharp contrast to the recent upbeat retail sales and employment numbers. A stronger dollar and a cut down in business investments in the energy sector, compiled with lower oil prices, are still having a negative impact on the industrial and manufacturing [...]


MARKET TRENDS: PPI Upbeat, Consumer Confidence High
Posted on June 13, 2015

The Producer Price Index (PPI), a percentage of change in the prices of finished goods and services sold by producers in the U.S, posted its biggest gains in May in over two and a half years. The gains were primarily driven by the higher cost of gasoline and food products. The PPI for final demand [...]


MARKET TRENDS: Retail Sales, Business Inventory Beat Estimates; Jobless Claims Below 300,000
Posted on June 11, 2015

U.S. retail sales surged in May after a slow start in the second quarter, a sign economic growth is finally gathering steam. A solid job growth rate and improving wage rate boosted consumer confidence, which was reflected in household spending. Sales of automobiles and a range of other goods increased. Overall retail sales for May [...]


MARKET TRENDS: Crude Oil Inventories Slips, Mortgage Rate Surges Higher
Posted on June 10, 2015

U.S. crude oil inventories dropped for yet another week, making for a sixth straight fall. Inventories slipped by 6.81 million barrels in the week ending June 5, as per the latest data from the Energy Information Administration (EIA). The oil inventories declined more than the expected rate of 1.7 million barrels per day (MBPD) for [...]


Is it Safer to Pay with a Credit or a Debit Card?
Posted on June 9, 2015

It was huge news when payment card information belonging to 40 million Target customers was stolen (to the point where their CEO recently resigned). In January, hackers were said to have gotten as many as 1.1 million debit and credit card users. While these stories, over time, are beginning to fade into the background[...]