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Category Archives: Economic News
FOMC Update
After the much-anticipated taper in December, what could the Fed possibly do now to follow-up? Turns out, more taper. This is despite economic data in recent weeks looking a bit less robust than in the weeks prior (however, there may … Continue reading
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Weekly Economic Update
After a fairly busy week, the MLK holiday led off a quieter one in terms of economic data releases. (-) The Markit manufacturing PMI fell from 55.0 in December to 53.7 in January (versus expectations for an unchanged reading). Within … Continue reading
Posted in Economic News
Tagged Debt Limit, DJIA, Economic Update, Home Sales, Jobless Claims, LSA, S&P 500
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Weekly Economic Update
It was a very busy week in regard to economic releases, so we had to be a bit brief for a few of the less critical pieces. (+) Retail sales for December came in stronger than anticipated on a relative … Continue reading
Weekly Economic Update
Economic Update (0/-) The ISM Non-manufacturing index came a bit weaker than expected, falling from November’s 53.9 to 53.0 for December (expectations called for 54.7). On the positive side, employment improved by several points, while business activity was generally … Continue reading
Weekly Economic Update
(+) The ISM Manufacturing survey came in stronger than expected for December, at 57.0 versus a forecasted 56.8, but was a bit lower than November’s 57.3 result. Underlying data was similarly strong, little changed from the prior month, with higher … Continue reading
Weekly Economic Update
During the holiday-shortened week, we received a small dose of economic data. For the most part, the news was positive: consumer confidence rebounded while shopping for the holiday season, a stronger than expected number of durable goods orders in November, … Continue reading
Weekly Economic Update
Economic Update (+) We discussed this already in depth via the mid-week ‘Fed Note,’ but the FOMC elected to taper—on the order of $10 bil. in total (taking the monthly $85 bil. purchases down to $75 bil.). Per the official … Continue reading
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FOMC Final Meeting
The Federal Reserve Open Market Committee completed their final meeting of 2013 a few minutes ago, and while some economists called for the closely-watched tapering decision to be put off until 2014, a $10 billion/month program was announced (with tapered … Continue reading
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Weekly Economic Update
(+) Retail sales for November came in stronger than expected, gaining +0.7% for the month versus an expected +0.6%. More specifically, the ‘core’ number, that excludes volatile results from autos and gasoline, rose +0.5% relative to the expected +0.3%, and … Continue reading
Weekly Economic Update
Following the holiday, it was somewhat of a big week for economic reports as we head into the final pre-Christmas stretch. (+) The second estimate of 3rd quarter GDP was revised up substantially from the original 2.8% to 3.6%, which … Continue reading
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Weekly Economic Update
I hope you all had a great Thanksgiving and enjoyed some wonderful bargains on Black Friday. What is great about Black Friday is that it pushes sellers to offer the best deals to entice price-conscious shoppers. The holiday sales phenomena … Continue reading
Weekly Economic Update
(+) Retail sales rose +0.4% for October, which exceeded expectations of a +0.1% increase. Removing the usually volatile automobile, gasoline and building materials components pushed the gain up to +0.5%, which also outperformed the consensus forecast of +0.3%. The monthly … Continue reading
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