Author Archives: LSAConnect

Economic Update 10-07-2024 Economic data for the week included ISM manufacturing data coming in unchanged, and still contractionary, while ISM services improved further into expansion. Friday’s employment situation report came in far better than expected, in higher nonfarm payrolls and … Continue reading →

Economic Update 9-30-2024 Economic data for the week included the final edition of Q2 GDP growth coming in unrevised at a continued strong pace. PCE inflation was slightly improved, while durable goods orders were unchanged. House prices continued to see … Continue reading →

Economic Update 9-23-2024 Economic data for the week included the FOMC cutting interest rates more than many expected, beginning a new policy phase of easing. Retail sales and industrial production rose, exceeding expectations. Housing starts increased, recovering from a hurricane … Continue reading →

Economic Update 9-16-2024 Economic data for the week included producer price inflation continuing to decelerate, as did consumer price inflation to some degree, although rising shelter costs remain a persistent influence. Consumer sentiment came in a bit better than expected, … Continue reading →

Economic Update 9-09-2024 On the Labor Day-shortened week, economic data included ISM manufacturing and services gaining some ground, a continued reduction in job openings, and an employment situation report coming in largely as expected (and an improvement on the prior … Continue reading →

Economic Update 9-03-2024 Economic data for the week included U.S. GDP growth for Q2 revised upward, along with higher durable goods orders and consumer confidence, in addition to gains in personal income and spending. Home prices remain strong on a … Continue reading →

Economic Update 8-26-2024 Economic data for the week included stronger new and existing home sales reports, along with mixed PMI manufacturing and services sentiment, and a weaker month from the index of leading economic indicators. Equities gained globally last week, … Continue reading →

Economic Update 8-19-2024 Economic data for the week included both producer and consumer price indexes coming in lower, showing continued deceleration toward more normal levels. Retail sales and consumer sentiment improved, while industrial production and housing starts declined, with the … Continue reading →

Economic Update 8-12-2024 In a week of limited economic data, reports included improvement in ISM services indexes, while jobless claims fell back from recent higher levels. Equities continued to experience the highest levels of volatility in months, with a net … Continue reading →