Category Archives: Economic News

After a long campaign season, with key policy points discussed ad nauseum, the following serves as a status update of several more economically-oriented issues. Considering that major policy changes tend to require Congressional approval, the outcomes of the Senate and … Continue reading →

Economic Update 11-04-2024 Economic data for the week included U.S. GDP growth showing another strong quarter, as did personal income and spending. Manufacturing data continued to contract, as has been the trend over the past several years. The monthly employment … Continue reading →

Economic Update 10-28-2024 Economic data for the week included a decline in overall durable goods, mixed results in housing sales, as well as higher continuing jobless claims, due to a variety of weather and labor issues.   Equities declined globally, with … Continue reading →

Economic Update 10-21-2024 Economic data for the week was mixed, with positive reports for retail sales, while industrial production and housing starts declined. Jobless claims were decent, considering the negative weather- and labor-related impacts. Equities were mixed globally, with gains … Continue reading →

Economic Update 10-14-2024 Economic data for the week included consumer inflation coming in better on the headline side, but remaining sticky on the core side, while producer prices continued to show moderation. Jobless claims rose following consecutive hurricanes impacting the … Continue reading →

Economic Update 10-07-2024 Economic data for the week included ISM manufacturing data coming in unchanged, and still contractionary, while ISM services improved further into expansion. Friday’s employment situation report came in far better than expected, in higher nonfarm payrolls and … Continue reading →

Economic Update 9-30-2024 Economic data for the week included the final edition of Q2 GDP growth coming in unrevised at a continued strong pace. PCE inflation was slightly improved, while durable goods orders were unchanged. House prices continued to see … Continue reading →

Economic Update 9-23-2024 Economic data for the week included the FOMC cutting interest rates more than many expected, beginning a new policy phase of easing. Retail sales and industrial production rose, exceeding expectations. Housing starts increased, recovering from a hurricane … Continue reading →

Economic Update 9-16-2024 Economic data for the week included producer price inflation continuing to decelerate, as did consumer price inflation to some degree, although rising shelter costs remain a persistent influence. Consumer sentiment came in a bit better than expected, … Continue reading →

Economic Update 9-09-2024 On the Labor Day-shortened week, economic data included ISM manufacturing and services gaining some ground, a continued reduction in job openings, and an employment situation report coming in largely as expected (and an improvement on the prior … Continue reading →

Economic Update 9-03-2024 Economic data for the week included U.S. GDP growth for Q2 revised upward, along with higher durable goods orders and consumer confidence, in addition to gains in personal income and spending. Home prices remain strong on a … Continue reading →