WILL THIS JOBS REPORT PROMPT THE FED TO ACT? In August, employers added 96,000 jobs – far short of the 144,000 consensus estimate of economists polled by Briefing.com. About 40% of the new hires were in four low-paying sectors (retail, leisure & hospitality, temporary help and home health care services). The jobless rate did fall.. read more →

BERNANKE: FED SHOULD NOT “RULE OUT” EASING Speaking Friday at the Federal Reserve’s annual Jackson Hole, WY symposium, Fed Chairman Ben Bernanke gave Wall Street a bit of a lift. Commenting that the recovery is “far from satisfactory”, he expressed that the central bank “should not rule out” further stimulus. The Dow rose 90 points.. read more →

MORE HOMEBUYING IN JULY Census Bureau data showed new home sales increasing 3.6% in July to a two-year peak, with an annual gain of 25%. In addition, the National Association of Realtors reported a 2.3% gain in existing home sales last month; residential resales were 10% improved from 12 months ago. The latest edition of.. read more →

CPI FLAT FOR A SECOND CONSECUTIVE MONTH In July, the federal Consumer Price Index showed no overall advance. That was the case in June as well, and that might just bolster the case for easing at the Federal Reserve. Consumer prices rose only 1.4% annually, the smallest increase since the November 2010 index. Core CPI.. read more →

WILL GAS HIT $4 AGAIN? In April, the national average price for a gallon of gas peaked at $3.94. Few analysts think prices will return to that level, though the U.S. average hit $3.67 Friday – an increase of $0.34 since July 1, translating to about $33 more a month for the typical U.S. household… read more →