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 Macroeconomic Review

6.27.2022

Major macroeconomic releases for the prior and upcoming weeks accompanied by historical macroeconomic data and chart books

  • Existing Home Sales: For the fourth consecutive month, existing home sales declined in May while the median existing home sales price jumped to $407,600, the first time it has ever exceeded $400,000
  • EIA Petroleum Status Report: For the week ended June 10, U.S. crude oil refinery inputs decreased by 67K barrels per day to 16.3 million barrels. U.S. crude oil inventories, distillate inventories, and gasoline inventories all increased\. The national average retail regular gasoline price rose once again to $5.006
  • Jobless Claims: For the week ended June 18, initial jobless claims were relatively flat at 229K and continuing claims rose just 5K to 1.31 million as the labor market continues to stay historically tight
  • PMI Composite Flash The latest PMI Composite Flash data showed weakest upturn in US private sector output since January's Omicorn-induced slowdown
  • New Home Sales: In May, sales of new single-family houses rose 10.7% from April levels and the average sales price was $511,400

 

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