Wednesday, August 15, 2012

It's The Economy Stupid: Inflation cools, but manufacturing cools too.

Inflation eased, but manufacturing eased too.  One’s good, the other not so good.  So, everyone calling for higher rates anytime soon can put that talk off for a month or two.  There really isn’t much inflationary pressure.  On the other hand, (I put that in there for Tiger Town Tom) we have more troubling numbers out of the manufacturing sector.  So, it still appears that we are in a long, hard, slow slog in the economy.

 

 

Economic Event

Period

Economic Survey

Actual Reported

Original Prior

Revised Prior

MBA Mortgage Applications

AUG 10

 

-4.5%

-1.8%

 

Consumer Price Index MoM

JUL

0.2%

0.0%

0.0%

 

CPI Ex Food & Energy MoM

JUL

0.2%

0.1%

0.2%

 

Consumer Price Index YoY

JUL

1.3%

1.4%

1.7%

 

CPI Ex Food & Energy YoY

JUL

2.2%

2.1%

2.2%

 

Consumer Price Index NSA

JUL

229.505

229.104

229.478

 

CPI Core Index SA

JUL

 

230.124

229.916

 

Empire Manufacturing

AUG

7

-5.85

7.39

 

 

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

 

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