Category Archives: Economic News
Weekly Economic Update
Economic Update 12-29-2020 On the shortened holiday week, economic data included a decline in personal income and spending, mixed results in housing, and weaker consumer confidence. Global equity markets were down on net last week, as agreement on Congressional stimulus … Continue reading
Weekly Economic Update
Economic Update 12-14-2020 In a lighter week for economic data, releases included minor increases in producer and consumer prices, and higher-than-expected jobless claims as an uptick in Covid cases continues to weigh on the jobs market. Consumer sentiment improved with … Continue reading
Weekly Economic Update
Economic Update 11-09-2020 Economic data for the week included a stronger-than-expected employment situation report, and rising manufacturing and construction activity, yet slightly decelerating results for services. U.S. equity markets gained strongly, with the Biden Presidential win and Congressional composition pointing … Continue reading
Weekly Economic Update
Economic Update 9-28-2020 Economic data for the week included a rise in durable goods orders and strong housing results, while jobless claims remained elevated. Global equity markets lost ground globally by several percent, as economic concerns continued to fester in … Continue reading
Weekly Economic Update
Economic Update 9-21-2020 Economic data for the week included the Federal Reserve keeping monetary policy unchanged, but with more dovish forward guidance. Retail sales and industrial production expanded, but at a slower pace than expected, as did the index of … Continue reading
Fed Note
Fed Note: The Federal Reserve Open Market Committee took no action at their mid-September policy meeting, as expected, leaving the fed funds rate at the zero bound of 0.00-0.25%. Lately, the action seems to be happening between meetings. The Fed … Continue reading
Weekly Economic Update
Economic Update 9-14-2020 On a holiday-shortened week, economic data included a tick upward in producer and consumer inflation, although levels remain tempered. Employment data remained mixed. U.S. equity markets declined last week, as profit-taking in certain higher-growth stock groups … Continue reading
Weekly Economic Update
Economic Update 9-8-2020 Economic data last week included mixed but generally pointed to expansion for manufacturing and services releases, as well as a better-than-expected employment situation report for August. U.S. and foreign equities both fell back last week, as … Continue reading
Weekly Economic Update
Economic Update 8-31-2020 Economic data for the week included higher than expected durable goods orders, continued strength in house prices and new home sales, and largely stable elevated levels of jobless claims. Global equity markets gained last week upon hopes … Continue reading
Weekly Economic Update
Economic Update 8-24-202 Economic data for the week included strength in a variety of housing metrics, continued improvement in a broad index of leading economic indicators, but a pullback in several regional manufacturing indexes. U.S. equity markets gained upon continued … Continue reading
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
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
