Thursday, May 29, 2014

Morning Journal--The Fed's dilemma

Economics

   This Week’s Data

            The International Council of Shopping Centers reported weekly sales of major retailers down 1.2% versus the prior week but up 2.1% on a year over year basis; Redbook Research reported month to date retail chain store sales up 0.7% versus the comparable period last month and up 3.2% versus the similar timeframe a year ago.

            Weekly jobless claims fell 27,000 versus expectations of a 9,000 decline.

            First quarter GDP was reported down 1.0% versus estimates of -0.5%; the accompanying price index was up 1.3%, in line.
           
   Other

            More on the Fed’s dilemma (medium):


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