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Weekly Economic Update

Economic Update 6-27-2022 Economic data for the week included a drop in existing home sales offset by stronger sales for new homes. Consumer sentiment fell to an all-time low, although long-term inflation expectations improved (declined) from an earlier report. Global … Continue reading

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Weekly Economic Update – 6-20-2022

Economic news for the week included the Federal Reserve raising interest rates sharply in their fight with inflation. Data was mixed, with the index of leading economic indicators and retail sales softer, while industrial production improved. Producer prices remained high, … Continue reading

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Fed Update 6-15-2022

Fed Note: The Federal Reserve Open Market Committee continued its aggressive tightening pace in the June meeting, by raising the key fed funds interest rate today by 0.75%—to a new range of 1.50-1.75%. This was the largest single meeting hike … Continue reading

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Weekly Economic Update

Economic Update 6-13-2022 Economic data for the week included consumer price inflation coming in high in keeping with expectations. Consumer sentiment remains challenged, at its lowest levels in decades, due to high inflationary pressures, notably with gasoline. Jobless claims were … Continue reading

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Weekly Economic Update

Economic Update 6-06-2022 Economic data for the holiday-shortened week included a rise in manufacturing sentiment and small drop in services sentiment, despite both remaining solidly expansionary. House prices continued to increase at a dramatic pace. The May employment situation report … Continue reading

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Weekly Economic Update

Economic Update 5-30-2022 Economic data for the week included a slight downward revision in first quarter GDP, positive durable goods orders, along with weaker new home sales data and consumer sentiment. Global equity markets rose broadly last week, with U.S. … Continue reading

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Weekly Economic Update

Economic Update 5-23-2022 Economic data for the week included gains in retail sales and industrial production. On the other hand, regional manufacturing sentiment fell back, as did several housing metrics as activity slowed along with historically-low residential home inventories. Global … Continue reading

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Weekly Economic Update

Economic Update 5-16-2022 Economic data for the week included higher readings for the producer price and consumer price indexes—continuing a trend of higher inflation. However, import prices saw some relief. Continuing jobless claims fell further to very low levels, indicating … Continue reading

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Weekly Economic Update

Economic Update 5-09-2022 Economic data for the week included the Federal Reserve raising short-term interest rates by a half-percent, an amount not seen in over two decades. The employment situation report for April continued to show a strong improvement in … Continue reading

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Fed Update

The Federal Reserve Open Market Committee turned more aggressive in this month’s meeting by raising the key fed funds interest rate by 0.50%—for the first time in over twenty years by that amount—to a new range of 0.75-1.00%. There were … Continue reading

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Weekly Economic Update

Economic Update 5-02-2022 Economic data for the week included a surprisingly negative U.S. GDP result for the first quarter. Housing data was mixed, with slower sales, but home prices reached record highs. Consumer sentiment fell back a bit, but durable … Continue reading

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Weekly Economic Update

Economic Update 4-25-2022 Economic data for the week included declines in several national housing numbers, such as existing home sales and homebuilder sentiment; however, housing starts rose a bit. The index of leading economic indicators showed growth, but at a … Continue reading

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