Tom Porcelli

Tom Porcelli News

• Treasury 10-Year Yield at Almost Year’s Low

  Treasury 10-year note yields traded almost at this year’s low before a report tomorrow forecast to show the U.S. added fewer jobs than required to reduce the nation’s unemployment rate.

• Treasuries Rise as Jobs, Services Data Miss Forecasts

  Treasuries rose, pushing 10-year yields to the lowest level in three months, as worse-than- forecast data on U.S. employment and the services industry spurred concern economic growth may be slowing.

• RBC’S Porcelli Sees September QE3 on Deflation Risk

  Tom Porcelli, chief U.S. economist at RBC Capital Markets LLC, said the Federal Reserve may need to consider a third round of quantitative easing as early as September to counter deflationary risks.

• Wal-Mart Sales Slump May Signal U.S. Consumer Spending to Cool

  Wal-Mart Stores Inc. internal e- mails revealing the worst sales start to a month in at least seven years may be the first sign U.S. consumer spending will cool as households try to cope with a payroll-tax increase and delayed refunds.

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  Wal-Mart Sales Slump May Signal Less U.S. Consumer Spending

  Wal-Mart Stores Inc. internal e- mails revealing the worst sales start to a month in at least seven years may be the first sign of a broader weakening in U.S. consumer spending as households grapple with the payroll-tax increase and delayed refunds.

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  Homebuilder Confidence in U.S. Unexpectedly Fell in February

  Confidence among U.S. homebuilders unexpectedly dropped in February from a more than six-year high, a sign the real-estate market will take time to accelerate.

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  Canada Losing Debt Halo as Property Peaks Under Carney

  Herbert Crockett called Cairo, Geneva and New Delhi home in his four decades as a human resources executive with the World Health Organization. The Prince Edward Island native invested closer to his roots in 2005.

• Deleveraging Is Restraining U.S.Economic Growth, Porcelli Says: Tom Keene

  The U.S. has yet to recover from the credit crunch that crippled the economy and that’s continuing to restrain growth, said Tom Porcelli , chief U.S. economist at RBC Capital Markets Corp. in New York.

• Porcelli Says Oil Prices Could Wipe Out Some of U.S. Stimulus

  Higher petroleum prices stemming from the turmoil in Egypt could “completely wipe out,” the benefits of the economic stimulus from lower Social Security taxes, said Tom Porcelli , senior economist at RBC Capital Markets Corp. in New York.

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  Trade Gap in U.S. Probably Shrank on Cheaper Imported Oil

  The trade deficit in the U.S. probably narrowed in November as fuel imports dropped and exports rebounded, economists said before a report this week.

Quote

• "The claims numbers have been improving."

  - Tom Porcelli on May 02, 2013

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Tom Porcelli Videos

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• RBC’s Porcelli Sees Consumption Slowing Economy

• RBC’s Porcelli Says Global Activity Has Turned Down

• RBC’s Porcelli Says U.S. Inflation Headed Higher

• RBC’s Porcelli Says U.S. Austerity Will Slow GDP

• RBC’s Porcelli Says QE Exit `Is Still Years Away’