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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 the radar: Boeing orders gained in May to a meager 9 after 0 in April

Boeing reported new aircraft orders at a total of 9 in May. Two were to domestic buyers and 7 were…

First Cut: New York Fed manufacturing general business conditions within reach of expansion again in June

The New York Fed manufacturing general business conditions index in the June Empire State Survey rose sharply for a second…

First Cut: June preliminary Consumer Sentiment Index off recent lows, but still consistent with slow activity

The preliminary University of Michigan Consumer Sentiment Index for June rose to 78.9 after 72.3 in May. It reflected improved…

First Cut: Import prices rise along with higher fuel costs in May, but excluding fuels are little changed

The May Import Price Index was up 1.0% compared to April, reversing three months of declines related to energy prices.…

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…

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CENTRAL BANK CENTRAL

Information and analysis about Federal Reserve monetary policy and policymakers.

Comment: Fed’s holdings of securities top $5 trillion in April 15 week

The Fed's average holdings of US Treasurys, Agencys, and Agency MBS reached nearly $5.2 trillion in the week ended Wednesday,…

Comment: Fed’s Beige Book paints picture of the US economy slowing abruptly and severely as COVID-19 spread

The Fed’s Beige Book covered the period from late February through early April. Compared to the prior report which had…

Comment: The Fed continues to adjust supervision and regulation to ensure financial sector can weather COVID-19

To recap, in addition to its massive efforts to keep financial markets running and the economy from sinking too much…

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.…

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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: Freddie Mac 30-year fixed rate hits new low as of May 28 data

Freddie Mac reported weekly mortgage interest rates were down across the board as of May 28. Exceptionally low rates may…

On the radar: Atlanta Fed business uncertainty survey showed increased concerns in May

The Atlanta Fed/Chicago Booth/Stanford University Survey of Business Uncertainty for May showed clearly that escalating uncertainty is driving falling expectations.…

Look forward at May 25, 2020 week: More numbers and soft data will give Fed policymakers something to chew on at the June 9-10 meeting

A look forward to the May 25 week starts with the federal holiday on Monday. Memorial Day is the unofficial…

Look behind at May 18, 2020 week: Fed policy still focused on mitigation, economic data says recession is here

A look behind at the May 18 week suggests that April numbers reflect the steep and sudden downturn as businesses…

On the radar: St. Louis Fed Financial Stress Index essentially unchanged in week ended May 15

The St. Louis Fed's Financial Stress Index for the week ended May 15 was up a negligible 0.005 to 0.617…

UPCOMING ANNOUNCEMENTS

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