July 2017

Currency Report

The US dollar (USD) has fallen for six consecutive months against the Broad Index, (a trade weighted basket of currencies). The June 2017 Broad index value was 97.77, down 1.3% from the May’s reading and down 2.8% compared to 3 months ago. Table 1 lists the values of the USD measured in the currency of [...]

Producer Price Index for Construction

The Bureau of Labor Statistics (BLS), Producer Price Index (PPI) program measures the average change over time in the selling prices received by domestic producers for their output.  U.S. wholesale prices increased slightly in June but are not rising rapidly, providing further evidence that inflation is well contained. The PPI edged up 0.1% last month, the government said [...]

Beige Book Summary

The national summary from mid-May through June is that; The economy continued to expand in all 12 districts at a slight to moderate pace.  Tight labor markets are reducing the rate of hiring and causing wages to rise moderately. Consumer spending remained strong, with the exception of slower automobile sales. The housing market is strengthening. [...]