Posted on 06/27/2013 7:15:04 AM PDT by whitedog57
Whoops! Q1 real GDP was downgraded from 2.4% to 1.8% yesterday on lower-than-expected consumer expenditures.
q1gdp062613
And now NY Fed’s William Dudley gave a dovish speech repeating Bernanke’s hints that The Fed COULD taper, but we will have to wait and see.
The US personal savings rate rose (slightly), so a decline in consumer spending is not all that surprising. [Hopefully, consumers are saving for a down payment!].
psr062713
The reaction in the Dow after the downgrade (or revision)? The DJIA has increased mightily on the thought that The Fed hinted at an early pull-out of easing.
djia062713
The global bond markets (and the US Treasury) are a sea of green after turning red back on May 1st.
wbm062713
The lagging Freddie Mac Mortgage Commitment rate spiked to 4.46%.’
freddiw30comm
And pending home sales continue to zoom! (Will this make The Fed sweat a little?)
phs062713
The only commodity that rose more than 2% was … coffee.
coffwww
Bernanke is from a town way down in Dixie. Maybe they can re-record “Bonaparte’s Retreat as Bernanke’s Retreat.“
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