Five noteworthy figures from the previous week
Economic expansion in the first quarter, according to the Department of Commerce.
Although this number fell notably short of the 2.9% GDP reading for Q4 2017, it topped the 2.0% forecast of economists polled by Reuters. Consumer spending only rose 1.1% in Q1, possibly impeded by delayed federal tax refunds.
Source: CNBC (1)
Wage growth in the opening three months of the year.
This gain, measured by the Department of Labor, represents the largest quarterly improvement in private-sector salaries since Q1 2007.
Source: Los Angeles Times (2)
The population of American kids who were identity fraud victims in 2017.
Javelin Strategy & Research questioned 5,000 U.S. parents and guardians and extrapolated its data results (as survey firms commonly do) to arrive at this conclusion. Javelin says that 66% of the kids who had their identities stolen by cybercriminals in 2017 were younger than eight years old. The average theft per minor identity stolen: $2,303.
Source: Washington Post (3)
The number of months this current stock market correction has lasted.
At Friday’s closing bell, the S&P 500 remained about 7% below the peak it reached in late January. The index is now in its longest correction since 2008.
Source: Fox Business (4)
The chance of an interest rate hike on May 2, according to the CME Group FedWatch Tool.
The futures market is quite confident that the Federal Reserve will refrain from a rate move this coming week. Compare this percentage from Friday, though, with the 3.1% probability seen on April 20.
Source: CME Group (5)
1 – www.cnbc.com/2018/04/27/first-reading-on-q1-2018-gdp.html [4/27/18]
2 – www.latimes.com/business/la-fi-pay-raise-wages-20180427-story.html [4/27/18]
3 – www.washingtonpost.com/news/get-there/wp/2018/04/24/why-does-a-2-year-old-have-a-credit-card-how-to-protect-your-children-from-identity-theft [4/24/18]
4 – www.foxbusiness.com/markets/stocks-stuck-in-correction-mode-for-longest-stretch-in-10-years [4/27/18]
5 – www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html/ [4/27/18]
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