The Department of Labor has released the Consumer Price Index (CPI) numbers for May. The CPI for all urban consumers rose 0.6 percent on a seasonally adjusted basis. The index in energy rose 4.4 percent after remaining unchanged in April. The index for petroleum based products rose 5.8% and the energy services index rose 2.3%. [...]
June 13th, 2008 | rp | Comments | ContinuedAll Posts Tagged With: "recession"
Home price declines continue says S&P for Q1 2008
According to the S&P Case-Schiller home price index, home prices continued their decline from 2007 into Q1 2008. The index is published monthly with a two month lag and on the last Tuesday of every month.
The decline in the Index – which covers all nine U.S. census divisions – reached well into double digits, recording [...]
Inflation eases but food prices head higher in April
The Department of Labor released the Consumer Price Index numbers for April. The CPI for all urban consumers rose 0.2 percent on a seasonally adjusted basis. The index in energy remain unchanged but after a 1.9% increase in March. The index for petroleum based products fell 1.6% offsetting a 2.5% increase in the index for [...]
May 14th, 2008 | rp | Comments | ContinuedWorld Markets bounce back in April
The Standard and Poor’s “World by Numbers” showed a strong jump for April after sharp declines in the first Quarter of the Year. The Emerging and Developed equity markets dropped 10.56% and 8.95% respectively during the first three months of the year. Rising commodity prices, falling dollar and the percieved impact of a US recession [...]
May 7th, 2008 | ash | Comments | ContinuedS&P reports steep decline in home prices for February
Data released by S&P for February saw a significant decline in home prices for 17 out of the 20 MSA’s ( Metro politan Statistical Areas ) which are in it’s S&P/Case-Shiller Home Price Index, a leading indicator of the U.S. housing market. Both the 10 city and 20 city index have shown declines in [...]
April 29th, 2008 | rp | Comments | ContinuedTax rebates - are they enough to stimulate the economy?
The first rebates from the Bush administration’s economic stimulus package, went out Monday, earlier than previously planned. The rebates will be direct deposited to individual bank accounts. Touted by the Bush administration as a much needed elixir to a “slowing” economy, which many economists think is already in recession, the stimulus package is [...]
April 29th, 2008 | rp | Comments | Continued
