Category Archives: Economic News

Weekly Economic Update

Economic Update:   It was a light week for economic data.  The few releases that did appear were positive on the employment front; however, a few showed some imported inflation. Equity markets struggled with momentum stocks (those that led the … Continue reading

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Weekly Economic Update

Domestic markets continued higher, with additional Fed promises of more accommodative policy, but were outshined by many foreign names.  Several more speculative areas that performed well last year, such as biotech and social media, have experienced negative results as of … Continue reading

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Weekly Economic Update

Economic data remained mixed, but some of the winter effects of the past few months appear to be dissipating.  An important test in coming weeks/months will be how the much more extreme-than-average winter normalizes and if economic data can similarly … Continue reading

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Weekly Economic Update

Just in time for spring break, last week’s economic data seem to suggest that the economy is bouncing back after two months’ of extreme weather. (-/0) Empire State Manufacturing Survey in March suggested business conditions for New York manufacturers continue … Continue reading

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FED NOTE

Fed Note: The FOMC meeting that finished up today didn’t offer any radical changes from previous policy—this being the first with Janet Yellen as chair.  Tapering of bond purchases is slated to continue, with another reduction of $10 billion per … Continue reading

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Weekly Economic Update

U.S. retail sales growth was up slightly, but one of the better performances since the fall of last year.  It continues to appear that a ‘weather’ effect has taken place, but perhaps lessened in recent weeks. Concerns over the Ukraine/Russia … Continue reading

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Weekly Economic Udpate

(+) The ISM manufacturing index rose from 51.3 in January to 53.2 in February, which beat expectations by about a point and reversed last month’s decline.  However, details were mixed with new orders and inventories up several points, employment flat … Continue reading

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Weekly Economic Update

(-) The second estimate of 4th quarter GDP was a disappointment, although many watchers expected as much—the initial estimate of +3.2% was revised down to +2.4% (a tenth lower than the expected revision).  The majority of the difference came from … Continue reading

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Weekly Economic Update

On a holiday-shortened week, we ended up with a few noteworthy reports. (-) The Empire manufacturing survey for February came in positive at +4.5, but weaker than the expected +8.5 (and lower than January’s +12.5).  In the details of the … Continue reading

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Weekly Economic Update

Economic Update:   (-) Retail sales for January came in a bit underwhelming, down -0.4% on the month, versus an expected flat reading.  Additionally, December sales were revised down from +0.7% to +0.3%, which cast a negative tone on the … Continue reading

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Weekly Economic Update

Economic Update The week’s economic data was generally disappointing, as reports covering the January time period were likely held back by the extreme winter weather over much of the nation.  The magnitude of weather impacts can be hard to measure … Continue reading

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Weekly Economic Update

The week was highlighted by a fair number of important industrial reports, as well as the closely-watched Fed meeting.  Unfortunately, there wasn’t enough decent news to offset emerging market-led concerns. (+/0) As we recapped separately mid-week, the FOMC continued the … Continue reading

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