Category Archives: Uncategorized

Economic Update 10-11-2021 Economic data for the week included improvement in ISM non-manufacturing sentiment, ADP private employment, and jobless claims. However, the employment situation report for September came in short of expectations. U.S. equity markets gained last week, in contrast … Continue reading →

Economic Update 9-27-2021 Economic data for the week included no action by the Federal Reserve regarding interest rates (although they gave strong signals about upcoming tapering). Otherwise, existing home sales fell, new home sales and housing starts rose, while jobless … Continue reading →

Economic Update 9-13-2021 On a holiday-shortened and light week for economic releases, data included improvement in job openings and jobless claims, as well as higher producer price inflation. Global equity markets fell back throughout the course of the week, as … Continue reading →

Economic Update 9-07-2021 Economic data for the week included stronger results in the manufacturing and construction segments, while services sentiment and the monthly employment situation report came in weaker than expected. Home prices also continued to increase at historically impressive … Continue reading →

Economic Update 8-30-2021 Economic data for the week included some improvement in prior-quarter GDP, continued gains in personal income and spending, decent home sales figures, while durable goods and consumer sentiment were little changed. Global equity markets gained last week, … Continue reading →

Economic Update 8-23-2021 Economic data for the week included weakness in retail sales, housing, as well as regional manufacturing sentiment. On the other hand, industrial production and jobless claims improved. Global equity markets suffered net declines last week, as the … Continue reading →

Economic Update 8-16-2021 Economic data for the week included continued high readings for import and producer prices; consumer price inflation remained elevated as well, although showing signs of deceleration. Other data pointed to stronger job openings and a continued reduction … Continue reading →

Economic Update 8-09-2021 Economic data for the week included a slight drop in manufacturing, offset by continued strength in services. The July employment situation report came in stronger than expected, on both job creation and a lower unemployment rate. Global … Continue reading →

The Federal Reserve Open Market Committee made no changes in monetary policy today, keeping rates near the zero target of 0.00-0.25%. This was as expected. The formal statement language was minimally changed. The only adjustments noted labor continuing to strengthen, … Continue reading →

Economic Update 7-26-2021 Economic data for the week included gains in existing home sales and housing starts, along with continued rising prices and tight inventory. Jobless claims were mixed, with seasonal effects affecting near-term claims, while continuing claims showed ongoing … Continue reading →

Economic Update 7-19-2021 Economic data for the week included strong consumer and producer inflation readings, as well as improvements in retail sales and industrial production. Jobless claims also continued to fall, while consumer confidence waned a bit. Stocks were mixed … Continue reading →

Economic Update 7-12-2021 During an abbreviated week, economic data included a decline in services sentiment, although the measure remained quite strong. Job openings improved, while jobless claims were mixed—as initial claims rose but continuing claims sustained their decline. U.S. equity … Continue reading →