Posted by & filed under Economic Updates.

In a slow week for economic data to open the summer, several housing metrics showed strength, as did the Index of Leading Economic Indicators, while jobless claims ticked upward slightly. Equities gained a bit for the week in the U.S., Japan and emerging markets, while Europe and the U.K. declined.  Bonds were up slightly with… Read more »

Posted by & filed under Economic Updates.

Economic news for the week centered on the Fed, which raised rates another quarter-percent.  Other data included a drop in retail sales and disappointing housing metrics, continued low jobless claims, and strength in a variety of regional manufacturing surveys. Equity markets were flattish in the U.S., but declined for the most part abroad.  Bonds fared… Read more »

Posted by & filed under Fed Update.

The June FOMC meeting ended today, and resulted in a +0.25% hike in the fed funds target rate, bringing this to a new range of 1.00-1.25%.  In fact, Fed Funds futures had shown a 99%+ probability of this outcome, which implied a lack of surprise.  There was one dissent, from Minneapolis Fed president Kashkari, who… Read more »

Posted by & filed under Economic Updates.

Economic data for the week was very light, and limited to a slight pareback in non-manufacturing growth and continued low readings for jobless claims. Equities performed negatively around the world last week, especially in the U.S. technology sector, reversing recent strength.  Bonds also suffered as interest rates ticked upward and foreign bonds were held back… Read more »

Posted by & filed under Economic Updates.

Economic data for the week was generally flat to a bit weaker, with decent results from manufacturing surveys, continued mixed housing data, and a poorer-than-expected May employment situation report. Equity markets gained both in the U.S. and overseas, as did bonds, with a decline in interest rates and falling dollar, which benefitted foreign securities.  Commodities… Read more »

Posted by & filed under Economic Updates.

Economic data last week was led by a weaker durable goods report, an upward revision to first quarter GDP, weakness in housing, and generally neutral results from sentiment and jobless claims. Equity markets gained for the week, with U.S. stocks outperforming developed foreign markets, but underperformed emerging markets with a recovery in Brazil.  Bonds were… Read more »

Posted by & filed under Economic Updates.

Economic data for the week was highlighted by some mixed regional manufacturing results, stronger industrial production, a drop-off in housing starts, and jobless claims that continue to run at very low historical levels. U.S. stocks declined during the week along with more controversy surrounding the president, while foreign equities gained due to the drop in… Read more »

Posted by & filed under Economic Updates.

Economic data for the week was highlighted by a disappointing gain in retail sales, while consumer sentiment improved, jobless claims provided their best showing in almost 30 years, while inflation numbers were mixed but generally showed tempered gains. U.S. equity markets lost ground, while foreign markets experienced a positive week.  Bonds were up slightly with… Read more »

Posted by & filed under Economic Updates.

Economic data for the week was highlighted by a decline in but still-strong ISM manufacturing numbers, continued strength in ISM non-manufacturing, and continued strength in labor metrics, including the April employment situation report.  The FOMC meeting resulted in no policy action, which was as expected, although chances for a June rate increase appear to have… Read more »

Posted by & filed under Fed Update.

The May Fed meeting was a ‘minor’ one, with no press conference or economic projections, so was not considered to be one with a high probability of action.  This ended up being the case, with the Fed Funds rate being maintained at 0.75-1.00%, per the bump higher in March.  The formal statement acknowledged that the… Read more »