Author Archives: LSAConnect

Economic Update 8-05-2024 Economic data for the week included the U.S. Federal Reserve keeping key interest rates steady, as expected. On the positive side, pending home sales rose, while negative data included ISM manufacturing, construction spending, and jobless claims. The … Continue reading →

Economic Update 7-29-2024 Economic data for the week included 2nd quarter U.S. GDP ramping back up to above-trend levels, a mixed environment for recent durable goods orders, and declines in both existing and new home sales. Equities were mixed last … Continue reading →

Economic Update 7-22-2024 Economic data for the week included retail sales coming in stronger than expected, in addition to gains in industrial production and housing starts. The index of leading economic indicators continued to decline, albeit at a slower rate … Continue reading →

Economic Update 7-15-2024 Economic data for the week included consumer price inflation coming in slower than expected, continuing a path of deceleration, while producer price inflation ticked up a bit from recent trend. Consumer sentiment continued to be negatively affected … Continue reading →

Economic Update 7-08-2024 On a holiday-abbreviated week, economic data included ISM manufacturing and services both falling and ending June in contraction. The employment situation report was strong on a headline level, but less so under the surface, with the unemployment … Continue reading →

Economic Update 7-01-2024 Economic data for the week included the final release of Q1 U.S. GDP being revised up slightly, flattish durable goods orders, rising home prices, and lower new home sales. On the inflation side, core PCE continued to … Continue reading →

Economic Update 6-24-2024 Economic data for the shortened week included some gains in retail sales and better results for industrial production, while existing home sales and housing starts fell back. Equities saw further gains globally, led by international more than … Continue reading →

Economic Update 6-17-2024 Economic data for the week included the Federal Reserve meeting ending with no policy change, as expected, with continued hawkish views compared to earlier this year. Consumer and producer price inflation metrics both showed positive signs of … Continue reading →

The Federal Reserve Open Market Committee (FOMC) kept the federal funds rate unchanged at 5.25-5.50% in their June meeting, continuing the range set since July 2023 without any dissenting votes. The formal statement was only slightly adjusted to reflect “modest” … Continue reading →

Economic Update 6-10-2024 Economic data for the week included gains in ISM services coupled with a decline in ISM manufacturing. The monthly employment situation report came in stronger than expected. Equities earned positive results globally last week, led by the … Continue reading →

Economic Update 5-28-2024 Economic data for the week included stronger PMI activity surveys for manufacturing and services, and durable goods orders, while housing sales data came in weaker. Global stocks were mixed last week, with the U.S. faring a bit … Continue reading →