Economic Update March 28, 2022 Economic data for the week included a decline in durable goods orders and new home sales, and consumer sentiment fell to multi-year lows. However, jobless claims again reached multi-decade levels of strength. U.S. equity markets gained ground last week, despite a more hawkish Fed; foreign markets were mixed, based on […]

  The Federal Reserve Open Market Committee raised the key fed funds interest rate today by 0.25%, to a new range of 0.25-0.50%. This first hike in four years was as expected, with the Fed communicating their intention and amount fairly directly in recent weeks. However, at least until the Russian invasion of Ukraine, there […]

Economic Update March 14, 2022 Economic data for the week included the consumer price index rising to another multi-decade high, job openings continued to show strength, while jobless claims were little changed. Global equity markets lost ground again in keeping with the geopolitical and economic aftermath of the Ukraine conflict, although hopes for diplomacy resulted […]

Economic Update March 7, 2022 Economic data for the week included a robust employment situation report, as well as other labor metrics, and improved manufacturing and construction activity. Global financial market sentiment continued to be driven by the Russia-Ukraine conflict, with U.S. and especially foreign stocks losing ground and staying in correction territory. Bonds were […]

Economic Update February 28, 2022 Economic data for the week included a slight revision to prior-quarter GDP, a continued gain in house prices, and continued lower jobless claims. However, the Russian invasion of Ukraine dominated most other news. Global equity markets initially fell sharply last week, in the ramp-up to the Russian invasion, which had […]

Economic Update February 22, 2022 Economic data for the week included retail sales that came in higher than expected, as well as gains in industrial production, mixed regional manufacturing sentiment and housing metrics, and a slight pullback in the index of leading indicators. U.S. and foreign equity markets fell back last week, as tensions over […]

Economic Update February 14, 2022 In a light week for economic data, consumer price inflation came in higher than expected, again reaching new multi-decade levels. Consumer sentiment worsened, while jobless claims continued to show improvement. U.S. equity markets fell back with continued high inflation readings and an assumed hawkish Fed response in coming months; foreign […]

Economic Update February 7, 2022 Economic data for the week included a much stronger than expected employment situation report for January, as well as a pullback in the ISM manufacturing and services indexes, although the two still lie solidly in expansion. Global equity markets bounced back last week, with decent economic data and some improvement […]

Economic Update January 31, 2022 Economic data for the week included the Fed signaling upcoming rate hikes, a stronger-than-expected GDP growth report for Q4, and robust housing data, but a weaker durable goods report. U.S. equity markets ended mixed to higher in a volatile trading week, with large cap stocks outperforming small caps. Foreign stocks […]

  The Federal Reserve Open Market Committee made no changes in interest rates today, as expected, staying with the target of 0.00-0.25%. But, times are changing. The formal statement language was significantly simplified from December, that economic activity and Click here to view the full article Source: LSA Connect January 26, 2022