Posted by & filed under Economic Updates.

Economic releases last week consisted of very strong results in housing and manufacturing, as well as the broad measure of leading economic indicators, mixed results from personal income/spending and durable goods orders and slightly worse sentiment and jobless claims. U.S. equities gained with tax reform efforts wrapping up, which boosted pre-Holiday sentiment.  Foreign equities outperformed… Read more »

Posted by & filed under Economic Updates.

Economic activity for the week centered on the Federal Reserve, which raised short-term interest rates another quarter-percent, as expected.  Retail sales gained more sharply than expected, while industrial results were mixed and inflation came in weaker than consensus though several measures.  Labor force gains remain robust. U.S. equities gain for the week, with positive sentiment… Read more »

Posted by & filed under Fed Update.

The December FOMC meeting was considered one in the ‘important’ category, in that additional materials were released, a press conference was scheduled afterward, as well as it being the last of the year.  Based on economic and inflation data released over the past few weeks, odds of a rate hike had moved to nearly 99%,… Read more »

Posted by & filed under Economic Updates.

Economic releases were mixed on the week, with weaker results in non-manufacturing ISM, factory orders and lower sentiment.  On the other hand, labor markets continued to perform, with jobless claims running at cyclical low levels and the monthly employment situation report coming in stronger than expected. U.S. stocks gained for the week, as did developed… Read more »

Posted by & filed under Economic Updates.

Economic data released last week included an upward revision in 3rdquarter GDP, a dip in the ISM manufacturing index, a recovery in various housing metrics and higher levels of consumer confidence. U.S. equity markets rose sharply during the week, outperforming foreign stocks, which lost ground.  Bonds were little changed on net with interest rates mixed… Read more »

Posted by & filed under Economic Updates.

On a shortened Thanksgiving week, the few economic reports that surfaced were mixed, with slightly weaker durable goods orders, while existing home sales and jobless claims were positive, and the index of leading economic indicators was quite strong. Global equity markets fared positively, with U.S. small caps and foreign stocks faring well on the heels… Read more »

Posted by & filed under Economic Updates.

Economic data for the week was highlighted by stronger retail sales, mixed-but-still-strong manufacturing and industrial production results, along with slightly higher inflation.  Homebuilder sentiment improved, while jobless claims remained very low. U.S. equity markets were mixed with small caps outperforming large caps.  Emerging market stocks similarly outperformed developed market equities.  Bonds achieved positive gains, while… Read more »

Posted by & filed under Economic Updates.

In a very light week for economic data, highlights included continued strong job openings data, while claims ticked upward due to temporary weather impacts.  Consumer sentiment also ticked downward a bit. U.S. and foreign equity markets lost ground for the first week in several as sentiment soured, although emerging markets gained.  Bonds were also down… Read more »

Posted by & filed under Economic Updates.

Economic news for the week was dominated by a Fed meeting that resulted in no policy change, mixed manufacturing results, stronger optimism and a below-par employment situation report—several releases continue to demonstrate the effects of recent hurricanes. Equities continued their run of success, with gains in the U.S. and foreign markets, on the back of… Read more »

Posted by & filed under Fed Update.

The November FOMC meeting was anticipated to be a minor affair, in that no actions were expected in terms of policy change, nor was there a press conference scheduled afterward.  This played out exactly as such. The formal statement reflected the status quo, with the committee describing economic activity as rising at a ‘solid rate’… Read more »