Category Archives: Economic News

Economic Update 10-24-2022 Economic data for the week included a rise in industrial production, mixed regional manufacturing indexes, and a variety of weaker housing sales and sentiment reports. The index of leading economic indicators continues to lean towards a recession … Continue reading →

Economic data for the week included producer and consumer price inflation reports that continue to run hotter than expected—disappointing markets. Retail sales were little changed, although core sales saw slight nominal gains. Global stock markets lost ground as concerns continued … Continue reading →

Economic Update 10-10-2022 Economic data for the week included the ISM manufacturing index falling further than expected, while ISM services were little changed and remained expansionary. A variety of labor statistics came in generally positive, at least enough so for … Continue reading →

Dear, Well, gosh, here we are again. This last quarter started on a somewhat positive note with stocks rising until the middle of August. That cheer didn’t last however as uncertainties about rising interest rates and the direction of the … Continue reading →

Economic Update 10-03-2022 Economic data included no revisions in the still-negative Q2 U.S. GDP report. Durable goods fell back, as did home prices in several national indexes. Consumer confidence measures were mixed, while jobless claims improved. Global equity markets fell … Continue reading →

Economic Update 9-27-2022 The U.S. Federal Reserve raised rates again to the degree expected, in efforts to combat inflation. Economic results for the week included mixed housing data, with sharply higher starts coupled with weaker homebuilder sentiment. The index of … Continue reading →

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 On a holiday-shortened week, economic data for the week included the ISM services index strengthening, and mixed results for jobless claims. Global equity markets gained last week, as central bank actions and member comments solidified a commitment … Continue reading →

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 →