Update Economic USA Consumer Credit
Consumer credit took a short pause and is now showing renewed expansion without undue stress in servicing debt. Three of the credit default measures are at the same level as two years ago and the third is continuing to improve while credit expands. Credit quality is reasonable at these levels.
Stock Fair Value Change Report
Mylan N.V. and Public Service Enterprise receive increases in fair value (Fv) while AT&T moved down as it faces difficulties with a Direct TV integration.
Update Economic USA Inflation PPI
The Federal Reserve is anxious to see some level of inflationary pressure, but unfortunately for Chairman Yellen, this does not appear to be on the horizon. Producer prices as measured by the PPI remains contained at 2.6% year-over-year (YOY), short of placing any upward pressure on the Consumer Price Index (CPI). Generally, increases in the Consumer Price Index (CPI) occur shortly after inflationary signs appear in the PPI.
Stock Fair Value Change Report
Meta Financial Group receives an increase due to increased revenues and earnings.
Update USA Employment 1st Time Claims
Employment jobless claims for 1st time requests continues to fall. Recent jobless claims were down another 12,000 for the week. The rate is now at 260,000 which is well below the 300,000 unofficial benchmark. Additionally, the 4-week average moved downward by 9,500 to 268,250. Continuing claims remained below $1.9 million.