Financial News for the Week of February 11th, 2022
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK U.S. prices continued to heat up in January as headline inflation accelerated to 7.5% year-on-year from 7.0% in December. Excluding food and energy, core prices also rose notably over the year to 6.0% with…
Financial News for the Week of February 4th, 2022
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK This week provided the first glance at the economic impact of Omicron, which seems relatively benign compared to previous outbreaks. The poster child of this week is employment, which pulled off an Olympic…
Financial News for the Week of January 28, 2022
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The Fed left the policy rate unchanged at this week’s FOMC meeting but signaled that a rate hike was imminent come March. Uncertainty on the pace of hikes post March remains elevated, contributing to stock…
Financial News for the Week of January 21, 2022
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Early signs of the pandemic’s toll on economic activity were evident in softer-than-expected home sales and a deceleration in regional manufacturing surveys. The current soft patch will likely prove temporary,…
Financial News for the Week of January 14, 2022
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Equity markets saw further losses this week, following more hawkish messaging from the Fed. Between Powell and Brainard’s confirmation hearings and other Fed speakers, the signals for a March rate hike are…
Financial News for the Week of January 7, 2022
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The U.S. economy kicked off the New Year with an unprecedented surge in COVID-19 cases. While a return to lockdowns is not expected, rising cases could lead to greater absenteeism, as workers self-isolate due…
Financial News for the Week of December 17, 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Evidence of accelerating price pressures continued to trickle in this week. Producer prices accelerated to 9.6% year-on-year in November. This was accompanied by an elevated share of small businesses raising…
Financial News for the Week of December 10, 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK • Consumer prices continued to accelerate in November. On year-on-year basis, headline CPI was up 6.8% (from 6.2% previously), the highest in nearly forty years in financial news. Core inflation (ex. food and…
Financial News for the Week of December 3, 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK • The ISM manufacturing index showed signs of easing supply chain conditions in financial news. Supplier delivery times shortened while production, employment and new orders indexes all increased. • This week’s…
Financial News for the Week of November 26, 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK • President Biden removed months of speculation by announcing his nomination of current Fed Chair Jerome Powell for a second term to head the Central Bank. He will be joined by Governor Brainard who the…