Category Archives: Economic News

Economic Update 10-03-2022

Economic Update 9-27-2022

The Federal Reserve Open Market Committee raised the fed funds rate today by another 0.75%, to a range of 3.00-3.25%. The vote was unanimous, with no dissents. The formal statement language was hardly changed at all, only noting an upgrade … Continue reading →

Economic Update 9-12-2022

Economic Update 8-30-2022 Economic data for the week included a slight upward revision in Q2 GDP, good results from consumer sentiment and jobless claims, little change in durable goods orders, while housing data continued to show weakness. Equity markets fell … Continue reading →

Economic Update 8-22-2022 Economic data for the week included strength in industrial production, little change in retail sales, and mixed results from several regional manufacturing surveys. Housing data also continued a string of weak monthly reports. Stock markets fell back … Continue reading →

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 →