Author Archives: LSAConnect

Fed Note

The Federal Reserve Open Market Committee raised the fed funds rate today by another 0.75%, to a new range of 2.25-2.50%. The vote was unanimous, with no dissents, unlike June’s meeting. The formal statement language changed little, but noted ‘recent … Continue reading

Posted in Economic News | Leave a comment

Weekly Economic Update – 7-25-2022

Economic Update 7-25-2022 Economic data for the week included weakness in housing markets—seen in disappointing results for existing home sales, housing starts, and homebuilder sentiment. The index of leading indicators continued a string of monthly declines, and jobless claims rose. … Continue reading

Posted in Economic News | Leave a comment

Weekly Economic Update – 7-18-2022

Economic Update 7-19-2022 Economic data for the week included both producer and consumer inflation coming in higher than expectations, and continuing the string of multi-decade highs, which have weighed on business and consumer sentiment. Jobless claims also ticked up again, … Continue reading

Posted in Economic News | Leave a comment

Weekly Economic Update – 7-11-2022

Economic Update 7-11-2022 On a holiday-shortened week, economic data included deceleration in some economic indicators, but not to the point of a feared slowdown as of yet. These included weaker, but still-strong showings from ISM services and JOLTs job openings, … Continue reading

Posted in Research | Leave a comment

Weekly Economic Update

Economic data for the week included U.S. GDP for the first quarter being revised down slightly, while personal income and spending have remained relatively strong. Durable goods and home prices also showed higher readings, the ISM manufacturing survey showed expansion … Continue reading

Posted in Economic News | Leave a comment

Weekly Economic Update

Economic Update 6-27-2022 Economic data for the week included a drop in existing home sales offset by stronger sales for new homes. Consumer sentiment fell to an all-time low, although long-term inflation expectations improved (declined) from an earlier report. Global … Continue reading

Posted in Uncategorized | Leave a comment

Weekly Economic Update – 6-20-2022

Economic news for the week included the Federal Reserve raising interest rates sharply in their fight with inflation. Data was mixed, with the index of leading economic indicators and retail sales softer, while industrial production improved. Producer prices remained high, … Continue reading

Posted in Uncategorized | Leave a comment

Fed Update 6-15-2022

Fed Note: The Federal Reserve Open Market Committee continued its aggressive tightening pace in the June meeting, by raising the key fed funds interest rate today by 0.75%—to a new range of 1.50-1.75%. This was the largest single meeting hike … Continue reading

Posted in Uncategorized | Leave a comment

Weekly Economic Update

Economic Update 6-13-2022 Economic data for the week included consumer price inflation coming in high in keeping with expectations. Consumer sentiment remains challenged, at its lowest levels in decades, due to high inflationary pressures, notably with gasoline. Jobless claims were … Continue reading

Posted in Uncategorized | Leave a comment

Weekly Economic Update

Economic Update 6-06-2022 Economic data for the holiday-shortened week included a rise in manufacturing sentiment and small drop in services sentiment, despite both remaining solidly expansionary. House prices continued to increase at a dramatic pace. The May employment situation report … Continue reading

Posted in Uncategorized | Leave a comment

Weekly Economic Update

Economic Update 5-30-2022 Economic data for the week included a slight downward revision in first quarter GDP, positive durable goods orders, along with weaker new home sales data and consumer sentiment. Global equity markets rose broadly last week, with U.S. … Continue reading

Posted in Uncategorized | Leave a comment

Weekly Economic Update

Economic Update 5-23-2022 Economic data for the week included gains in retail sales and industrial production. On the other hand, regional manufacturing sentiment fell back, as did several housing metrics as activity slowed along with historically-low residential home inventories. Global … Continue reading

Posted in Uncategorized | Leave a comment