Saturday, February 7, 2015

Jobs number surprises; construction spending rose; the week ahead …

The 257,000 added jobs exceeded consensus expectations of 235,000, and November and December data were revised upward by a total of 147,000.

Construction spending rose 0.4% in December.

At $46.6 billion, the U.S. trade deficit increased $6.8 billion from November's revised figure.

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Sunday, February 1, 2015

Fed to remain patient; GDP misses mark; the week ahead …

Fed chief Janet Yellen said the central bank won’t raise interest rates until at least June.

Growth in GDP, the value of all goods and services when adjusted for inflation, decelerated to 2.6%, according to the Commerce Department.

The Conference Board's Consumer Confidence Index jumped to 102.9 in January, eclipsing economists' forecasts and reaching its highest level since August 2007.

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