6 April 2015



Today’s Issue Cluster: US Labor & Economy

Fed – The Inflation Cycle May Have Turned
US – Americans are returning to the far-flung suburbs
Cotton – The other globally glutted commodity


MAJOR DATA POINTS

US – Mar: ISM Nonmanufacturing Below Expectations; 56.5 from 56.9 / WSJ / R / AP

US – Mar: Markit services highest since August; 59.2 from 57.1 / R *


MARKETS



ECONOMICS

US – Falling Treasury Yields Raise Flags About Economy WSJ *

US – How serious is the slowdown? ft *

US – Consumers Should Emerge From Hibernation WSJ *

US – Americans Are Saving More, But for How Much Longer? wsj / B * * *

US – Coincident Indexes increased in 46 states / cr *

US – Companies Bring More Foreign Profit Home WSJ *

US – More Regulations Mean More Business For Outsourcers IBD


POLITICS & FISCAL POLICY



MONETARY POLICY

Fed – Wary over US jobs but will wait to study trend FT / WSJ / FT *

Fed – The Inflation Cycle May Have Turned wsj *

Fed – Rate Rise Must Come to Terms With Investors WSJ *


FINANCE

US – Banks Are Poised to Profit From Forex Tumult WSJ *

US – Banks target Elizabeth Warren’s ‘rogue’ watchdog FT *

US – Banks Shift Bond Portfolios WSJ *

US – Banks Keep Loans Close to Home WSJ *

US – Regional Banks Fill Industrial Niche WSJ * *

US – New Bank Formation Weakest in 50 Years wsj * *


REAL ESTATE

US – Home-Price Growth Moderates WSJ / b * *

US – Home Prices Are Surging 13 Times Faster Than Wages B * *

US – Cities where houses are underwater / wapo * *

US – Housing Waits–and Waits–on Millennials wsj *

US – Americans are returning to the far-flung suburbs wapo * *

US – Vacation home market heating up WSJ * *

US – Reis Office Vacancy Rate declined in Q1 / cr *

US – AIA Architecture Billings Increases Slightly / cr *


LABOR & EDUCATION

US – Companies cut back sharply on hiring FT / R * *

US – Slowing Job Growth Tests Economy WSJ / NYT / AP / B *

US – ‘A Wake-Up Call About the Impact of the Strong Dollar’ b * *

US – The March Jobs Report in Charts / wsj * * *

US – Wage Growth Remains Largely in Check WSJ / b *

US – Low Continuing Claims May Not Be Good WSJ *

US – McDonald’s Joins Trend in Raising Pay WSJ / FT / B *

US – State Minimum Wage Map / bp *

US – Car-Making Boom? Not for Auto-Industry Workers WSJ *

US – The changing geography of employment ft * *


SERVICES



MANUFACTURING

F&B – Rising Demand Sweetens Sugar Prices WSJ

F&B – Health drive whets drink industry’s thirst for sugar alternative FT * *


TECH



TRADE & TRANSPORTATION



COMMODITIES

Cotton – With polyester, serves as a microcosm for globalization r *

Cotton – The other globally glutted commodity q * * * *


ENERGY & ENVIRONMENT



HEALTH



ENDNOTE

The most popular MLB team in every county bi *


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