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Economic Update 11-29-2021 In a holiday-shortened week, economic data included stronger personal income and spending, as well as recovering consumer sentiment, while durable goods orders fell back. Housing data was strong in both new and existing home sales. Global equity markets were benign until Friday, when the emergence of a new Covid variant rattled investors. […]
Economic Update 11-22-2021 Economic data for the week included strong reports for retail sales and industrial production, as well as a re-acceleration in manufacturing indexes. Housing data was mixed, while jobless claim improvement has flattened a bit as of late. Equity markets were mixed in the U.S., but declined throughout the rest of the world. […]
Economic Update 11-15-2021 Economic data for the week included higher ongoing readings for producer and consumer price inflation—the latter rising at the fastest year-over-year rate in three decades. The trend in improving jobless claims also slowed, and consumer confidence fell. Global equity markets declined in keeping with a higher U.S. inflation report, weaker sentiment, and […]
Economic Update 11-01-2021 Economic data for the week included weaker-than-expected U.S. GDP growth for the third quarter, and declines in durable goods orders and pending home sales. However, home prices, new home sales, consumer confidence, and jobless claims all improved. Global equity markets were mixed, with gains in the U.S. offset by little change in […]
Economic Update 10-25-2021 Economic data for the week included manufacturing indexes which leveled off a bit from highs, while on the positive side, jobless claims fell to new cyclical lows. Home sales and housing starts were mixed, with prices moving higher and inventories remaining tight. Global equity markets continued their positive performance, due to strong […]
Economic Update 10-18-2021 Economic data for the week included stronger-than-expected results for retail sales, while inflation continued to come in elevated for producer, consumer, and import prices. Job openings and jobless claims also continued to strengthen as labor markets show improvement. Global equity markets rose along with improving economic data, and inflation that came in […]
Economic Update 10-11-2021 Economic data for the week included improvement in ISM non-manufacturing sentiment, ADP private employment, and jobless claims. However, the employment situation report for September came in short of expectations. U.S. equity markets gained last week, in contrast to a negative September, while foreign regions ended mixed. Bonds lost ground globally as interest […]
Economic Update 09-27-2021 Economic data for the week included no action by the Federal Reserve regarding interest rates (although they gave strong signals about upcoming tapering). Otherwise, existing home sales fell, new home sales and housing starts rose, while jobless claims were mixed. U.S. equity markets rebounded from a volatile start to the week to […]
Economic Update 09-13-2021 On a holiday-shortened and light week for economic releases, data included improvement in job openings and jobless claims, as well as higher producer price inflation. Global equity markets fell back throughout the course of the week, as continued Covid cases and rising prices have raised fears about the durability of the recent […]
