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Weekly Economic Update

Economic Update 8-17-2020   Economic data for the week included further gains in retail sales, and industrial production, among other measures. Consumer sentiment and jobs results also showed improvement, all of which look to a stronger showing for the third … Continue reading

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Weekly Economic Update

Economic Update 8-10-2020 Economic data for the week included strength in ISM manufacturing and non-manufacturing surveys, a better-than-expected employment situation report for July, and a slight improvement in jobless claims. Global equity markets inched higher last week with improved economic … Continue reading

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Weekly Economic Update

Economic Update 8-03-2020 Economic data for the week included the Federal Reserve keeping monetary policy unchanged and accommodative, GDP for the 2ndquarter came in showing historical weakness as expected, jobless claims remained elevated, while housing data showed signs of life … Continue reading

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Fed Note

The Federal Reserve made no key policy changes in their July meeting, as expected, keeping the fed funds rate at the lower bound of 0.00-0.25%. Earlier this week, the pandemic-based emergency liquidity/lending programs were extended until at least the end … Continue reading

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Weekly Economic Update

Economic Update 7-27-2020 Economic data for the week included stronger results for housing prices and sales activity, some of which was due to continued tight inventories. The index of leading economic indicators also showed signs of improvement. However, jobless claims … Continue reading

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Weekly Economic Update

Economic Update 7-20-2020 Economic data last week included rebounds in retail sales, industrial production, and housing. Inflation metrics also showed a small creep up on prices for certain goods. Manufacturing data was mixed, while consumer sentiment weakened slightly. Equities in … Continue reading

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Weekly Economic Update

Economic Update 7-13-2020 A light calendar of economic data for the week included a record increase in non-manufacturing, lower producer prices, and stronger job openings. Global equity markets rose last week, as stronger economic data outweighed mixed results of pandemic … Continue reading

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Weekly Economic Update

Economic Update 7-6-2020   On a shortened holiday week, economic data included sharp improvement in manufacturing, as well as in the June employment situation report. Housing and consumer confidence also showed promise, as a variety of data points appear to … Continue reading

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Weekly Economic Update

Economic Update 6-29-2020 Economic data last week included higher than expected durable goods orders, along with mixed housing and jobless claims data. Inflation results remain tempered, as expected from low consumer demand. U.S. equity markets fell sharply last week with … Continue reading

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Weekly Economic Update

Economic Update 6-22-2020 Economic data continued to rebound last week from the troughs of commercial activity during lockdowns. Strength was pronounced in retail sales and industrial production, as well as carryover into the index of leading economic indicators. U.S. and … Continue reading

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Weekly Economic Update

Economic Update 6-15-2020 Economic data for the week included the conclusion of the FOMC, where no monetary policy action was taken but the overall tone remained somber. In keeping with Covid-related economic disruptions, several inflation measures saw deceleration, consumer sentiment … Continue reading

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Fed Note

Fed Note: Again, as expected, the FOMC kept the fed funds interest rate steady at a lower-band target of 0.00-0.25%. Without dipping into the unchartered and controversial waters of negative rates, this is as far as they can go. The … Continue reading

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