3rd quarter GDP; September’s income and outlays, durable goods, & new home sales
Major economic reports that were released last week included the 1st estimate of 3rd quarter GDP and the September report on Personal Income and Spending , both from the Bureau of Economic Analysis; other widely watched reports released during the week included the Advance report on durable goods for September and the September report on new home sales , both from the Census bureau, and the Case-Shiller Home Price Index for August from S&P Case-Shiller, an index generated by averaging repeat home sales prices from June, July and August against sales prices of a January 2000 baseline, and which reported that their unadjusted national home price index for those 3 months averaged 0.2% lower than their index generated from May, June and July home sales prices, but still 2.1% higher than their price index generated by repeat home sales prices during the June, July and August period of a year earlier… The week also saw the release of the Chicago Fed National Activity Index (CFNAI) for...