CD Media
Markets

Waiting On FOMC Announcement – Home Sales Plummet, War Effort Juices Defense Spending, Durable Goods Orders

Waiting On FOMC Announcement - Home Sales Plummet, War Effort Juices Defense Spending, Durable Goods Orders

Please Follow us on Gab, Minds, Telegram, Rumble, Gab TV, GETTR, Truth Social    

As markets wait for the decision of the Federal Open Market Committee (FOMC) regarding the future of short-term interest rates, Durable Goods orders popped due to defense spending and auto manufacturers clearing a production backlog, a result of the supply chain shortage for semiconductor chips.

Trades expect the Fed to raise rates 75 basis points, which won’t be enough to fight the coming hyperinflation.

Housing sales plummeted 20%, much more than expected as mortgage rates rise.


MBA Mortgage Applicaitons (Jul 22) printed at -1.8%.

Durable Goods Orders (Jun) printed at 1.9% vs -0.4% consensus estimate.

Durable Goods Orders ex Defense (Jun) printed at 0.4% vs 0% estimate.

Durable Goods ex Transportation (Jun) printed at 0.3% vs 0.2% estimate.

Goods Trade Balance (Jun) PREL printed at -$98.2B.

Non-Defense Capital Goods Orders ex Aircraft (Jun) printed at 0.5% vs 0.2% estimate.

Wholesale Inventories (Jun) PREL printed at 1.9% vs 2.0% estimate.

Pending Home Sales (MoM) (Jun) printed at -8.6% vs -1.5% estimate.

Pending Home Sales (YoY) (Jun) printed at -20% vs -7.3% estimate.

EIA Crude Oil Stocks Change (Jul 22) printed at -4.523M vs -1.037M estimate.

‘NO AD’ subscription for CDM!  Sign up here and support real investigative journalism and help save the republic!‘

Related posts

Housing Continues To Explode Higher…Inflation Subdued…Industrial Production Expands Slowly

CD Media Staff

Corrupt Media Still Trying To Say Trump Economy Has Peaked After ADP January Revision Jobs Blowout

CD Media Staff

Maybe Massive Government Spending And Debt Really Does Cause Inflation? Especially As Trade War Intensifies?

L Todd Wood

1 comment

Ben Colder July 28, 2022 at 9:36 am

The dem/communists just screwed us again the liar from WV sealed the deal its about time they kick that traitor out. He always caves in the end .

Reply

Leave a Comment

Subscribe to our evening newsletter to stay informed during these challenging times!!

Clicky