Posted by & filed under Fed Update.

Fed Update:   The FOMC concluded their monetary policy meeting today, which, as expected, resulted in no change to the fed funds rate—currently targeted to a range of 1.75-2.00%.  There were no dissenting votes. The formal narrative again was positive in its assessment of overall conditions, with both economic activity and labor market descriptions being… Read more »

Posted by & filed under Economic Updates.

Economic Update 9-04-2018 Economic data for the week was led by an upwardly-revised GDP number, stronger consumer confidence and sentiment as well as continued low levels of jobless claims, while housing results were again mixed. U.S. equity markets gained with improved sentiment for trade conditions, while foreign stocks were mixed.  Bonds lagged on the week… Read more »

Posted by & filed under Economic Updates.

Economic Update 9-10-2018 Economic data for the week was dominated by a decent employment situation report for August, continued strong results in other labor metrics, as well as positive results from the ISM manufacturing and non-manufacturing surveys. U.S. equity markets declined for the holiday-shortened week, as did foreign stocks with continued weakness in emerging markets. … Read more »

Posted by & filed under Economic Updates.

Economic Update 9-17-2018 Economic news for the month included mediocre retail sales numbers, several inflation results that came in a bit lower than expected and continued strong labor market data. Equity markets gained globally, as sentiment about trade improved somewhat.  Bonds were mixed with interest rates moving higher, as credit outperformed governments.  Commodities gained slightly,… Read more »

Posted by & filed under Economic Updates.

Economic news for the week was highlighted by the FOMC keeping interest rates unchanged in their first meeting of the year, Manufacturing surveys showed a bit of a drop while remaining high, housing data showed gains, and the employment situation report came in stronger than expected. Global equity markets declined sharply on the week, led… Read more »

Posted by & filed under Fed Update.

The first FOMC meeting of the year was uneventful, as expected, with no action on the interest rate policy front, with short-term rates kept to a targeted range of 1.25-1.50%.  There were no dissents.  As there was also no planned press conference, formal comments and a Q&A session from new Chair Powell will have to… Read more »

Posted by & filed under Economic Updates.

Economic data for the week was highlighted by a weaker-than-expected result for the prior quarter’s GDP and prior-month housing sales, but stronger showings in durable goods, jobless claims and the index of leading economic indicators. Equity markets continued to grind higher in both the U.S. and abroad, with the latter helped by a sharp decline… Read more »

Posted by & filed under Economic Updates.

Economic data for the week was led by growth in retail sales, tempered inflation results and mixed but continued strong labor market metrics. Equity markets gained ground again, with U.S. markets leading the way upon strong sentiment.  Foreign markets also gained, with a help from a weaker dollar.  Domestic bonds generally lost ground with interest… Read more »

Posted by & filed under Economic Updates.

Economic data for the first week of the new year showed strength in manufacturing, a weaker result for services ISM, and a mixed result in employment, with strong jobless claims and ADP employment numbers, while the government employment report disappointed with challenging winter weather. Equity markets started the year with significant gains globally, with optimism… Read more »

Posted by & filed under Economic Updates.

With an extremely light holiday calendar for economic data, highlights included stronger housing and regional purchasing data and weaker consumer confidence and jobless claims. U.S. stock markets fell during the last week of the year, while international equities gained with the help of a weaker dollar.  Bonds fared well as interest rates declined for the… Read more »