Posted by & filed under Economic Updates.

In a very light late summer week for economic data, housing statistics were generally lackluster, jobless claims remained within recent ranges, while durable goods fell, as expected. Global equity markets gained for the week, upon weak volumes and political rhetoric outweighing any meaningful economic news to move the needle.  U.S. and foreign stocks both saw… Read more »

Posted by & filed under Economic Updates.

Economic data for the week was highlighted by mixed housing results but gains in retail sales, several strong readings from regional manufacturing surveys, and strong results for the index of leading economic indicators and jobless claims. Global equity markets were mixed last week with U.S. stocks losing ground, and foreign stocks gaining slightly on net. … Read more »

Posted by & filed under Economic Updates.

Economic data for the week was dominated by the employment situation report, which surprised on the upside.  The ISM manufacturing and non-manufacturing indexes both declined, but remained solidly expansionary. Equity markets gained globally, as did bonds to a certain degree with lower interest rates on the longer part of the yield curve.  Commodities declined slightly,… Read more »

Posted by & filed under Economic Updates.

Economic data was highlighted by weakness in inflation, with the PPI and CPI both coming in lower than expected.  On the labor side, the government JOLTs job openings index and claims continued to show strength, while labor cost and productivity growth remained sub-par. Global equity markets fell last week, in line with most risk assets,… Read more »

Posted by & filed under Economic Updates.

In a busy week for economic data releases, the Fed meeting resulted in no action and GDP for Q2 came in largely as expected.  Durable goods orders and consumer confidence metrics came in more positively than expected, while a variety of housing data came in weaker than expected. Equity markets were generally flattish in the… Read more »

Posted by & filed under Fed Update.

The July FOMC meeting resulted in no action.  This was one of those in-between ‘minor’ meetings, with no planned press conference nor any release of economic projections, so no announcements were expected.  The official FOMC statement noted continued strength in labor markets (as opposed to last month’s comment about the pace ‘moderating’) and economic activity… Read more »

Posted by & filed under Economic Updates.

Economic data for the week was mixed, with several regional manufacturing surveys showing weaker yet still expanding metrics, but strong housing starts and monthly index of broad leading indicators. Equity markets gained globally, with emerging markets outperforming developed markets.  Bonds also fared well, with interest rates declining worldwide amidst dovish central bank language and weaker… Read more »

Posted by & filed under Economic Updates.

-Economic data for the week was highlighted by a decline in retail sales, consumer sentiment, job openings and year-over-year consumer inflation, while industrial production ticked higher.  Investors were also reassured by Fed Chair Yellen’s comments concerning a continued slow pace of monetary policy tightening.   -Equities in the U.S. and many foreign markets experienced gains… Read more »

Posted by & filed under Economic Updates.

Economic data for the holiday-abbreviated week was mixed, with stronger ISM and non-ISM index data, while the monthly employment situation report underwhelmed a bit in some respects. Equity markets were mixed with the U.S. edging slightly higher, while foreign equities lagged across the board for the most part.  Bonds lost ground in most sectors as… Read more »

Posted by & filed under Economic Updates.

Economic data for the week was led by weaker durable goods orders, pending home sales and jobless claims, while several consumer sentiment measures strengthened. Equities were mixed for the week, with declines in the U.S. and foreign developed markets, while other groups were little changed.  Investment-grade bonds suffered due to interest rates creeping higher.  Commodities… Read more »