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We Just Got Some Conflicting Economic Data
Three important monthly data points were released Thursday morning: the Consumer Price Index (CPI), industrial production figures and the National Association of Home Builders’ Housing Market Index (HMI). Unfortunately for those trying to gauge U.S. economic health, the reports gave conflicting signals: CPI stabilized at 2 percent year-over-year growth (a good thing); industrial production fell 0.6 percent, but that might be because of some weird weather (neutral); and the HMI fell to a one-year low (bad). Inflation data for April showed consumer prices rising 0.3 percent compared to March, and 2 percent from a ... (full story)
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- May 15, 2014 3:10pm May 15, 2014 3:10pm
- adeelyaz
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When the facts change I change my mind, what do you do sir
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- TheTopBloke
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