Posted by & filed under Economic Updates.

In a busy week for economic releases, several manufacturing indexes shined with strong results, inflation came in stronger than in recent months, and housing numbers were a bit mixed. U.S. equity markets again showed strong gains, although foreign stocks also came in positive.  Bonds were flattish with little changes in interest rates, although high yield… Read more »

Posted by & filed under Economic Updates.

In a very light week for economic data, import prices were relatively contained, sentiment fell a bit, labor metrics JOLTs and jobless claims continued to show strength. Equity markets gained during the week, in the U.S. and even more so abroad.  Bonds also fared well, with interest rates ticking down.  Commodity prices rose a bit,… Read more »

Posted by & filed under Fed Update.

It wasn’t expected for the Fed to take any action at their meeting concluding today, so there were no disappointments (i.e. nothing happened from an interest rate standpoint, by unanimous vote). Their formal statement reflected their views that the economy is continuing to expand at a ‘moderate’ pace, coupled with ‘solid’ labor growth. Overall, the… Read more »

Posted by & filed under Economic Updates.

Economic data for the week was highlighted by a Fed meeting marked by no action, stronger ISM manufacturing data and employment, with middling non-manufacturing, housing and consumer confidence data. Equity markets experienced a mixed, flattish week on net, with emerging markets leading the way with stronger returns.  U.S. bonds were generally flat, while foreign bonds… Read more »

Posted by & filed under Economic Updates.

Economic data for the week was focused on a somewhat lackluster GDP report for the 4th quarter, along with mixed durable goods data and poor housing results. U.S. and developed foreign equities experienced gains for the week, with emerging markets gaining even more strongly.  Bonds were flattish with minimal net changes in interest rates for the… Read more »

Posted by & filed under Economic Updates.

For the week, economic data included moderate retail sales, some gains in producer prices, stronger small business sentiment and continued strong labor results. Stock markets were mixed on the week, with foreign equities outperforming U.S., with help from a weaker dollar.  Interest rates ticked downward, which helped bonds earn slightly positive returns.  Commodity returns were… Read more »

Posted by & filed under Economic Updates.

In the first week of the year, a variety of economic data releases pointed to continued expansion, including the ISM manufacturing and non-manufacturing indexes.  The employment situation report for December, however, was decent but didn’t meet expectations. Equity markets in the U.S. and abroad gained in the first week of the year.  Bonds also rose… Read more »

Posted by & filed under Economic Updates.

Last week’s economic data was highlighted by a slightly-better-than expected durable goods report, stronger housing numbers and a 3rdquarter GDP that was revised to higher growth than expected. It was a slow pre-Holiday market week, with equity markets modestly higher.  Bonds offered equally strong returns as interest rates backed off of highs from the prior… Read more »

Posted by & filed under Economic Updates.

Economic news for the week was highlighted by the Federal Reserve raising short-term interest rates by another quarter-percent, as expected.  Retail sales disappointed, while several regional manufacturing surveys and homebuilder sentiment showed far stronger results and inflation ticked slightly higher. U.S. stock markets were mixed, with large-caps outperforming small-caps.  In foreign markets, developed markets experienced… Read more »

Posted by & filed under Fed Update.

The probabilities of the Fed taking action at this December meeting were quite high (in the range of 95-100%), and the FOMC didn’t disappoint, raising the target Fed Funds rate to 0.50-0.75%.  With strengthening economic data, or at least not weak enough to not proceed, this has been a foregone conclusion for several weeks.  There… Read more »