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US ISM Rises Above Prior Figure

ISM Non-Manufacturing Composite:  Survey: 53.0   Actual: 52.6   Prior: 52.0

St. Louis Fed President Bullard on the Wires

Says:

  • Fed ‘very close’ to having inflation target
  • Inflation targeting possible in 2012
  • ‘Hard’ to talk of natural rate of unemployment
  • ‘Getting closer’ to longer-term policy issues
  • ‘Some measure of overall prices’ for possible target
  • Inflation measures do make adjustments
  • Forecasters too pessimistic on 2012

 

US & Canada 8:30AM Data Both Stronger

USA

Jobless Claims:  Survey:  375K    Actual: 372K   Prior: 381K    Revised:  387K   

Continuing Claims:  Survey: 3570K    Actual:  3595K    Prior:  3601K  Revised: 3617K

Canada

Industrial Production Price Index MoM:    Survey:  -0.1%    Actual: 0.2%    Prior: -0.1%   

Raw Materials Price Index:      Survey:  0.5%   Actual:  3.8%     Prior: -1.2%    Revised:  -1.0%

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