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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.

First Cut: Sales of new single-family homes in April eked out a small gain

Sales of new single-family homes were up 0.6% to 623,000 in April, a surprisingly strong reading in light of the…

First Cut: FHFA House Price Index barely budges in March

The FHFA House Price Index for March is behind most of the other housing data, but it did suggest that…

First Cut: Philadelphia Fed services index revives a bit in May, but still deeply recessionary

The general business activity index in the Philadelphia Fed’s Non-Manufacturing Business Outlook Survey for May rose to -68.6 after plunging…

First Cut: State unemployment data for April reflected shutdowns in manufacturing, leisure and hospitality

Detail data on state and unemployment in April provided some nuance on the jump in the national unemployment rate to…

On the radar: Weekly rate on Freddie Mac 30-year fixed mortgage hits new record low as of May 21

Freddie Mac reported mortgage interest rates down again in the week as of May 21. The weekly 30-year fixed rate…

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CENTRAL BANK CENTRAL

Information and analysis about Federal Reserve monetary policy and policymakers.

Comment: It will be some time before the NBER declares the start of a recession, but the reality is here now

It is the job of the National Bureau of Economic Research (NBER) to date recessions. The NBER has a specific…

Comment: Fed’s holdings of Treasurys, Agencys, and MBS near $5 trillion

The Fed's Wednesday average weekly holdings of Treasurys, Agencys, and Agency MBS was up $366.8 billion as of April 8.…

Comment: Minutes of March 15 FOMC meeting stress that the Fed was addressing an external health crisis

The minutes of the March 15 FOMC meeting – which superseded the scheduled March 17-18 deliberations – showed the Committee…

Comment: Chair Powell’s webinar on Thursday likely to be last major comments before communications blackout period starts on April 18

There’s a confluence of circumstances that are likely to keep Fed officials from making too much public comment in the…

Comment: Fed securities holdings top $4.6 trillion with large adds of Treasury notes and bonds

The Federal Reserve's weekly balance sheet showed total holdings of Treasurys, Agencys, and Agency MBS topped $4.6 trillion as of…

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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: St. Louis Fed Financial Stress Index lowest in nine weeks as of week ended May 1

The St. Louis Fed's Financial Stress Index fell 1.090 points to 0.865 in the week ended Friday, May 1. The…

Look forward at May 4, 2020 week: Jobs, jobs, jobs, or rather absence of jobs

A look forward to the May 4 week necessitates bracing for a series of truly frightening numbers for the labor…

On the radar: Freddie Mac weekly rate for 30-year fixed reaches new low

The Freddie Mac rate for a 30-year fixed rate mortgage was 3.23% in the week ended April 30, a decline…

On the radar: Atlanta Fed’s business uncertainty rose steeply April from March

The Atlanta Fed/Chicago Booth/Stanford Survey of Business Uncertainty for April showed the level of uncertainty at a new high of…

On the radar: Five District Bank surveys of manufacturing and services add up to one thing: recession

Now that all five District Bank surveys of manufacturing and services for April have been reported, it is possible to…

UPCOMING ANNOUNCEMENTS

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