HIGHLIGHTS OF THE WEEK The Tax Cuts and Jobs Act was passed by Congress and signed by the President this week. The U.S. economy continues to show signs of strong momentum heading into 2018. Housing activity is recovering nicely from late summer hurricane-related disruptions, and consu
HIGHLIGHTS OF THE WEEK Economic policymakers in Washington squeezed a lot in this week before heading home for the holidays. As expected, the Fed raised rates a quarter point and upgraded their economic growth forecasts Republican members of Congress rushed to wrap up a compromise tax
HIGHLIGHTS OF THE WEEK The Federal Reserve meets next week and is near-universally expected to raise interest rates by 25 basis points, bringing the target for the fed funds to a range of 1.25% to 1.5%. The U.S. labor market continues to make progress with 228k jobs added in November.
HIGHLIGHTS OF THE WEEK The prospect of corporate tax cuts led both the Dow Jones Industrial Average and the S&P 500 to record highs this week, with financial stocks outperforming substantially. Economic data was supportive, with third quarter real GDP being revised up to 3.3% annu