Category Archives: Economic News

Economic Update 8-15-2022 Economic data for the week included consumer price inflation coming in little changed on the headline side, while producer price inflation declined on a headline level. Consumer sentiment improved more than expected. Global equity markets rose sharply … Continue reading →

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 →

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 →

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 →

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 →

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 →

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 →

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 →

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 →