January Publication Schedule

The Lehmann Letter (SM) Here are some indicators worth watching in the New Year. ECONOMIC INDICATOR PUBLICATION SCHEDULE  January 2017  Source (* below)……Series Description……Day & Date  Quarterly Data BEA……….GDP  …..……Fri, 27th Monthly Data ISM..Purchasing managers’ index… Tue, 3rd BEA.New-vehicle sales.(Approximate)Wed, 4th Fed. Consumer credit..(Approximate).Mon, 9th BLS………….Employment…………   Fri, 6th Census………….Inventories………. Fri, 13th BLS…………Producer prices……. Fri, 13th Fed……….Capacity utilization……Wed, 18th BLS……….Consumer prices.….. Wed, 18th Census………Housing starts……. Thu, 19th NAR………Existing-home sales….Tue, 24th Conf Bd….Consumer confidence.. Tue, 31st Census……..New-home sales…… Wed, 27th Census……….Capital goods…….. Thu, 28th  *BEA = Bureau of Economic Analysis of the U.S. Department of Commerce *BLS = Bureau of Labor Statistics Continue reading

The Fed’s Written Statement

The Lehmann Letter (SM) Yesterday the Federal Reserve’s Open Market Committee, which sets the federal funds rate, the interest rate at which banks lend reserves to one another, said in part: https://www.federalreserve.gov/newsevents/press/monetary/20161214a.htm “…In view of realized and expected labor market conditions and inflation, the Committee decided to raise the target range for the federal funds rate to 1/2 to 3/4 percent. The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a return to 2 percent inflation… “…The Committee expects that economic conditions will evolve in a manner that will warrant only gradual Continue reading

Holiday Cheer: Unemployment Rate Falls to 4.6%

The Lehmann Letter (SM) This morning the Bureau of Labor Statistics announced: “The unemployment rate declined to 4.6 percent in November, and total nonfarm payroll employment increased by 178,000, the U.S. Bureau of Labor Statistics reported today.” You can find the full report at: http://stats.bls.gov/news.release/empsit.nr0.htm Happy Holidays! ECONOMIC INDICATOR PUBLICATION SCHEDULE December 2016 Source (* below)……Series Description……Day & Date  Quarterly Data BLS…. Productivity & Costs….Tue, 6th BEA…US International Transacs…Thu, 15th  BEA……….GDP & Profits…..……Thu, 22nd Monthly Data ISM..Purchasing managers’ index…Thu, 1st BEA…New-vehicle sales…(Approx). Fri, 2nd BLS………….Employment…………   Fri, 2nd Fed…Consumer credit..(Approximate).Wed, 7th Census………….Inventories………. Wed, 14th BLS…………Producer prices……. Wed, 14th Fed……….Capacity utilization……Wed, 14th Continue reading