Posted by & filed under Economic Updates.

Economic data for the week was highlighted by a strong 3rdquarter GDP report, in addition to solid durable goods results.  Housing experienced a bit of a bounce back from a weaker hurricane-plagued prior month, while jobless claims contained to run at a low level. U.S. stocks ended the week again with gains, led by strong… Read more »

Posted by & filed under Economic Updates.

Economic data for the week included solid regional manufacturing results and production numbers, while housing statistics reflected the large impact of recent multiple hurricanes, which depressed activity.  Labor strength remained robust, with jobless claims again reaching multi-decade lows. Equity markets gained in the U.S., outperforming foreign stocks that were held back by dollar movements higher. … Read more »

Posted by & filed under Economic Updates.

Economic data for the week was focused on the FOMC minutes, which appeared to sustain high odds for a December rate hike, retail sales came in as expected, as did inflation, while labor markets continued to show strength in the areas of job openings and jobless claims. Equity markets rose globally, with foreign stocks outperforming… Read more »

Posted by & filed under Economic Updates.

Economic data for the week was led by especially strong ISM manufacturing and non-manufacturing reports, decent construction spending, while the employment situation report for September was a mixed bag of U.S. stock markets continued to churn forward, while a stronger dollar held back developed foreign markets—with the exception of emerging markets, which outperformed all groups. … Read more »

Posted by & filed under Economic Updates.

Economic news for the week included generally few surprises—a small revision upward for prior-quarter GDP, strong manufacturing results, mixed but generally disappointing housing data, slightly weaker sentiment and weather-affected jobless claims. S. equity markets rose, led by small-cap stocks, while foreign markets were mixed, being negatively affected by a stronger U.S. dollar.  Bonds lost ground… Read more »

Posted by & filed under Uncategorized.

Economic data for the week was highlighted by the outcome of the Fed meeting, which outlined a gradual balance sheet reduction plan.  Housing data was mixed, with prices increasing but sales were negatively affected by recent hurricanes.  The latter also impacted near-term jobless claims. Stock markets rose worldwide, with developed markets outperforming emerging markets, in… Read more »

Posted by & filed under Fed Update.

The FOMC completed their September meeting, with an outcome of no interest rate policy change as expected, but there was something a little different to announce.  This was a more ‘important’ meeting, being one of the four per year that features a post-meeting press conference and Q&A session, used to clarify and fine-tune policy (which… Read more »

Posted by & filed under Economic Updates.

Key economic data for the week included a disappointing retail sales report, slightly weaker consumer sentiment, moderately higher producer and consumer inflation and slightly improved jobless claims.  As anticipated, several of these metrics appear to be affected by recent hurricane activity. U.S. equities gained for the week in a variety of sectors, accompanied by a… Read more »

Posted by & filed under Economic Updates.

The short week ended with a temporary respite for the federal budget and debt ceiling debate, strong ISM services results, but higher jobless claims due to hurricane effects. U.S. stocks stumbled a bit on the week, as did foreign stocks in local currency terms, but the latter were saved by a large decline in the… Read more »

Posted by & filed under Economic Updates.

Economic news for the late summer week was focused on a revision higher in Q2 GDP results, continued expansionary manufacturing numbers, mixed housing results, and a somewhat disappointing employment report. Equity markets fared positively for the week, with U.S. stocks outperforming both foreign developed and emerging.  Bonds were flattish with credit outperforming, as did emerging… Read more »