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The Morning View: June 25, 2021

Announced this morning, Personal Income decreased -2.0% in May, a bit less negative than expected. Personal Spending was flat in May, which was less than expected. The PCE Deflator, increased 0.4% in May and has increased 3.9% on an annual basis. The Core PCE...

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Argent Employee Spotlight – Kenny Brown

Meet Kenny, who is with AmeriTrust in Tulsa and has been with us for 8 years.   Q. What led you to Argent and what makes it unique? A.  I began my career with Heritage Trust Company before it combined with Argent in 2013. What led me to Heritage is the same...

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The Morning View: June 15, 2021

Announced this morning, Retail Sales for May decreased -1.3%, a bigger drop than expected. Clothing & Accessories stores were strong during the month, while Building Materials and Motor Vehicles & Parts stores were among those that were weak. The Control...

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The Morning View: June 10, 2021

Announced this morning, the Consumer Price Index increased 0.6% in June, slightly higher than expected, and is 5.0% higher on annual basis, the highest annual figure since 2008.  Prices of Used Cars and Trucks were again strong for the month, while Energy prices were...

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The Morning View: June 4, 2021

Announced this morning, the economy added 559,000 jobs in May, less than expected.  The Leisure and Hospitality industry was strong, adding 292,000 jobs, while the Construction sector was weak, as -20,000 jobs were lost. The Unemployment Rate fell three tenths to...

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The Morning View: May 28, 2021

In this morning’s data, Personal Income decreased -13.1% in April, a bit less negative than expected and follows a 20.9% increase the previous month given the timing of stimulus payments. Personal Spending increased 0.5% in April, as expected and follows a rise of...

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The Morning View: May 18 , 2021

In this morning’s data, Housing Starts were 1,569,000 for the month of April, much lower than expected and it is a -9.5% decline from the previous month. However, this follows a strong increase in March of over 19%. Building Permits were 1,760,000 in April, slightly...

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The Morning View: May 12 , 2021

Announced this morning, the Consumer Price Index increased 0.8% in April, much higher than expected, and is 4.2% higher on annual basis.  Prices of Used Cars and Trucks were 10% higher in the month, while Energy prices fell.  The core rate, which excludes prices for...

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The Morning View: May 7, 2021

In this morning’s data, the economy added 266,000 jobs in April, much lower than the 1,000,000 expected.  The Leisure and Hospitality industry was strong, adding 331,000 jobs, while the Transportation and Warehousing and sector was weak, with a -74,100 change. The...

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