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Whetstone Analysis commentary will help you stay sharp and up-to-date with the high frequency economic data and developments in Federal Reserve monetary policy.

“Terry gets it right without overstating small stuff. She sees a longer scope than many are capable of and sadly too few appreciate. Additionally, she arranges reports so that one does not feel they have been jumped ahead or need to review for clarity. Finally, she doesn’t ‘guess’, she puts down relevant details rather than trying to connect interestingly but unrelated dots.” — Martin McGuire, Managing Director at TJM Investments, LLC

“Terry brings a solid knowledge of the economic data and Fed history to bear in quickly distilling the essentials for consumption.” — Les Alperstein, President at Washington Analysis

 

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ECONOMIC DATA

High frequency US economic data reports from the Commerce Department, Labor Department, Treasury Department, Federal Reserve Board of Governors, Federal Reserve District Banks, and a variety of closely watched private sources.

On a break until July 1, 2020

Whetstone Analysis is taking a break until July 1, 2020. I will be keeping an eye on the data and…

First Cut: May Leading Economic Index responds to lower jobless claims

The Conference Board's The Conference Board’s Leading Economic Index for May was up 2.8% from the prior month to 99.8…

On the radar: Freddie Mac 30-year fixed rate at new low in June 18 data

The Freddie Mac rate for a 30-year fixed rate mortgage fell to 3.13% as of the June 28 data, a…

Footnote: Unadjusted claims data the better picture of labor market conditions

New jobless claims are still pouring in at well over a million a week and insured claims are only coming…

First Cut: June Philadelphia Fed manufacturing conditions get a boost from pent up demand

The general business conditions index in the Philadelphia Fed’s Manufacturing Business Outlook Survey climbed to +27.5 in June after -43.1…

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CENTRAL BANK CENTRAL

Information and analysis about Federal Reserve monetary policy and policymakers.

Comment: FOMC meeting minutes from April 28-29 show a lot of things have yet to resolve

The minutes of the April 28-29 FOMC meeting are three weeks old. The content of the minutes in the context…

Comment: Fed’s holdings of securities climb to nearly $5.7 trillion as of May 13 week average

The Fed’s holdings of Treasurys and Agency MBS continue to climb to record highs even as the pace of purchases…

Comment: Chair Powell reminds that the Fed has done a lot and is ready to do more

In his introductory remarks in a webcast at the Peterson Institute on Wednesday, Chair Jerome Powell reminded that the Fed…

Comment: Fed’s holdings of securities rise at a slower pace as of Wednesday, May 6

The weekly average holdings of securities by the Federal Reserve rose more slowly in the data as of May 6.…

Comment: Fed’s Senior Loan Officer Survey shows lending standards tightened significantly since prior report

There was a marked change of direction in the Fed’ Senior Loan Officer Opinion Survey on Bank Lending Practices for…

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ON THE RADAR

Recaps, reminders, and random analysis of data and events that pertain to the US economy and monetary policy.

On the radar: Affordable mortgage rates continued through June 11 in Freddie Mac data

Mortgage rates continued to tempt potential homebuyers out in recent weeks to take advantage of slightly improved inventories of homes…

Look forward at June 8, 2020 week: FOMC meeting, inflation and inflation expectations

A look forward to the June 8 week has a focus on inflation and inflation expectations. The FOMC meeting on…

On the radar: GDP Nowcasts for second quarter revised up after employment data

After this morning upside surprise in the May Employment Situation, two of the District Bank GDP Nowcasts got substantial upward…

On the radar: NFIB small business jobs report shows average change in employment down in May for first time since September 2017

The NFIB Small Business Jobs Report for May saw the average change in employment at -0.17 after falling to 0.09…

On the radar: St. Louis Fed Financial Stress Index suggested market stress has been relieved

The St. Louis Fed’s Financial Stress Index for the week ended May 29 was down 0.236 point to -0.117, the…

UPCOMING ANNOUNCEMENTS

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