Blog

Daily Market Update 12/22/16

Rates were little changed Thursday following the release of mixed economic data.  This morning, November Durable Goods Orders fell 4.6, close to expectations, but the core reading, which excludes volatile defense and aircraft components, rose 0.9%, well above forecast.  Estimates for third quarter GDP increased to 3.5% from 3.2%.  Weekly Jobless Claims jumped to 275,000, well above the consensus of 255,000.  November Personal Income was flat.  An increase of 0.3% had been expected.  Core PCE, the Fed’s preferred measure of inflation, we unchanged in November, slightly below forecast.  No other key data will be released today.

Back to top