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Category Archives: Economic News
Economic Update
Sadly, the effects of the government shutdown are finally starting to trickle down to our weekly review. Since the federal government is responsible for compiling a fair number of these releases, we have just a few economic data points available … Continue reading
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Weekly Economic Update
(+) The ISM manufacturing index for September was a bit stronger than anticipated, rising from 0.5 points from August, coming in at 56.2 versus an expected 55.0. This is the highest point for the ISM since April 2011. The details … Continue reading
Government Shutdown
Should I worry about the government shutting down (again) or defaulting on its debt? You would think we’d get used to this by now, as many Americans have grown tired of these congressional battles—which they view as petty and unnecessary. … Continue reading
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Weekly Economic Update
(0) The 3rd and final estimate of GDP growth was unchanged from the second estimate of +2.5%, despite consensus assumptions for a slight increase to +2.6%. Inventory investment was revised downward slightly while state/local spending were bumped up a bit, … Continue reading
Weekly Economic Update
The biggest news of the week was the FOMC meeting, press release and news conference, but we won’t rehash our earlier note of the week. Long-story short, the ‘taper’ is postponed for now, and that drove sentiment (up) much more … Continue reading
Fed Update
There hasn’t been this much excitement over a Federal Reserve meeting in quite some time. The FOMC concluded their September event today and all eyes were on the finale of the ‘taper caper’ (yes, I’m afraid I made that up). … Continue reading
Weekly Economic Update
Economic data was being watched perhaps a bit more closely this last week with the Fed meeting upcoming and talk of the ‘taper’ hanging in the balance. (-) Retail sales for August gained a meager +0.2%, which disappointed a bit … Continue reading
Weekly Economic Update
Despite the Labor Day-shortened week, several important releases kicked off the fall market season (traditionally the week where everyone on Wall Street gets ‘back to business’). (+) The ISM manufacturing index for August came in better than expected for August, … Continue reading
Weekly Economic Update
(-) Durable goods orders for July came in weaker than expected, falling -7.3% relative to a consensus forecast decline of -4.0%. Removing transportation from the headline figure, orders fell a much less dramatic -0.6%, but underperformed an expected +0.5% gain … Continue reading
Weekly Economic Update
It was a relatively light week for economic reports. Unfortunately, a few weak data points this last week and in recent weeks have been steadily eroding economist GDP estimates for the coming quarter, although growth for the second half is … Continue reading
Posted in Economic News
Tagged Economic Indicators, Economic Update, FHFA, FOMC, Home Sales, Initial Jobless Claims, LSA
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Weekly Economic Update
(+) Retail sales for July rose for the fourth consecutive month, with a gain of +0.2%, which came in slightly below the forecasted +0.3%. While broadly stronger, the tempered headline result was based on a -1% decline in autos and … Continue reading
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Weekly Economic Update
(+) Like its manufacturing counterpart the previous week, the non-manufacturing ISM improved more than expected for July, from 52.2 to 56.0, outperforming the median consensus estimate of 53.1. Core business activity improved to over 60, coupled with gains in new … Continue reading
Posted in Economic News
Tagged Economic, Federal Reserve, Jobless Claims, JOLTS, Portfolio, Trade Deficit, Update
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