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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: Initial jobless claims continued to fall in June 13 week but still at unprecedented levels

Unadjusted levels of initial jobless claims were down 128,240 to 1.433 million in the week ended June 13. While the…

First Cut: Starts of homes in May mainly for mutli-unit sector, but permits suggest single-family home starts are not far behind

Housing starts were up 4.3% in May to 974,000 units (SAAR) after 934,000 in April. Starts remained only about ¾…

First Cut: NAHB Housing Market Index gets a boost from renewed sales and buyer traffic

The NAHB/Wells Fargo Housing Market Index for June got a fresh impetus higher to 58 in June after 37 in…

First Cut: Mild rebound in May industrial production doesn’t change that activity is weak overall

Industrial production staged a mild rebound in May, rising 1.4% after falling 12.5% (previously down 11.2%) in April and -4.6%…

First Cut: May retail sales rebound sharply, but have yet to return to pre-recession levels

Retail and food sales jumped 17.7% in May from April as consumers exercised pent-up demand when some restrictions of public…

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CENTRAL BANK CENTRAL

Information and analysis about Federal Reserve monetary policy and policymakers.

Comment: Fed slows pace of asset purchases in April 29 week while holdings top $5.5 trillion

The Fed's purchases of US Treasurys and Agency MBS slowed in the week ended Wednesday, April 29. Buys of Treasury…

Comment: FOMC issues strongly worded meeting statement on April 29, committed to using full range of tools

From being "prepared to use it full range of tools, the FOMC statement of April 29 said it is "committed"…

Comment: Federal Reserve takes a transparency step; continues to offer temporary changes in some regulation and supervision to help ease strains

In the latter stages of the financial crisis in 2007-2008, the Federal Reserve took some heat for not reporting who…

Comment: Federal Reserve securities held outright near $5.5 trillion

The Federal Reserve's holdings of US Treasurys, Agencys, and Agency MBS rose to an average of $5.452 trillion in the…

Comment: At April 28-29 meeting, FOMC focus probably still on keeping financial markets running

When the FOMC meets on Tuesday and Wednesday, April 28-29, conditions for the US economy won’t be entirely clear, but…

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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: Mortgage rates were tempting to potential homebuyers in recent weeks

The weekly Freddie Mac 30-year fixed rate for a mortgage was up 3 basis points to 3.18 as of June…

On the radar: May motor vehicle sales regain some ground

Total purchases of motor vehicles totaled 12.2 million units (SAAR) in May, more than retracing the decline to 8.7 million…

Look forward at June 1, 2020 week: Employment data for May will still be bad, if less bad

A look forward to the June 1 week sees an absence of Fed policymakers as the communications blackout period around…

Recap: The five District Bank surveys of manufacturing and services lifted off record lows in May

With all five District Bank surveys of manufacturing in hand, conditions look good for a mild increase in the ISM…

On the radar: St. Louis Fed Financial Stress Index nears neutral at end of May 22 week

The St. Louis Fed's Financial Stress Index fell 0.495 point to 0.120 in the week ended May 22, its lowest…

UPCOMING ANNOUNCEMENTS

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