Orange County Real Estate Thoughts - An Economy that's growing
by Tony Leocadio
on Monday, September 30th, 2013 at 3:56pm.
MANUFACTURING, JOBS GROPE FORWARD... The continuing story of an economy that's growing but oh so slowly should continue to be told this week. We'll see two key reads on manufacturing in September, the national ISM Index and the Chicago PMI for the Midwest. Both are forecast just over 50, indicating expansion. The ISM Services index is also expected to come in with a growth number, although slightly below August's.
The first Friday of the month will feature, as always, the prior month's Employment Report. September Nonfarm Payrolls are predicted to be up a little, although well under 200,000 per month. This should not budge the Unemployment Rate, still above the Fed's 6.5% target.
>> The Week’s Economic Indicator Calendar Weaker than expected economic data tends to send bond prices up and interest rates down, while positive data points to lower bond prices and rising loan rates.