U.S. Economic News

June 15, 2017

U.S. Economic Indicators

Initial jobless claims decreased 8,000 to 237,000 last week.  The four-week moving average rose 1,000 to 243,000. DOL Report
Industrial production was unchanged in May (up 2.2% Y/Y) after rising 1.1% (revised) in the previous month. 
Capacity utilization edged down 0.1 percentage point to 76.6.  Fed Report
The NAHB Housing Market Index fell 2.0 points to 67.0 in June, slightly below consensus.  
While the outlook for the coming months remains strong, builder confidence has weakened somewhat due to shortages of skilled labor and available lots.   NAHB Report

U.S. News

The Federal Reserve announced another interest rate hike yesterday, in line with expectations.  Fed officials also maintained their outlook for at least one more rate hike this year, and spelled out plans to start reducing the central bank’s massive balance sheet. WSJ