Financial News for the Week of January 10, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The U.S. economy continued to churn out jobs at a solid pace. Non-farm employment grew by 1.6% over 2019, marking only a slight deceleration from the 1.7% recorded in 2018. The services side of the economy also…
Financial News for the Week of January 3, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK It was a relatively light week on economic data. The merchandise trade deficit narrowed in November, suggesting some upside risk to real GDP growth in the fourth quarter. Still, activity in the manufacturing…
Financial News for the Week of December 20, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The House’s impeachment of President Trump did little to detract from broader economic optimism. U.S. equity markets reached new highs this week. Housing and consumer spending data released this week confirmed…
Financial News for the Week of December 13, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The U.S. and China reached a partial trade deal. The U.S. will reduce tariffs from 15% to 7.5% on $120 billion of Chinese imports and cancel the tariffs that were to be imposed on December 15th. In exchange,…
Financial News for the Week of December 6, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK A Trade tensions reemerged this week. President Trump suggested that the U.S.-China deal could wait until after the election, announced steel and aluminum tariffs on Brazil and Argentina, and threatened to…
Financial News for the Week of November 29, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK A quiet, holiday-shortened week featured data that painted a picture of an economy that has slowed, but not stalled. Revisions to Q2 GDP did little to change the picture of the economy. Durable goods orders…
Financial News for the Week of November 22, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Stocks were volatile this week amid signs that U.S.-China trade talks may be stalling. Cautious optimism briefly returned on Friday on news that the Chinese president was calling for the two sides to…
Financial News for the Week of November 15, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK U.S. data this week showcased the contrasting feature of the U.S. economy: a resilient U.S. consumer but a struggling manufacturing sector. Negotiations on a phase one trade deal between the U.S. and China took…
Financial News for the Week of November 8, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK It was a relatively quiet week for economic data. The trade deficit narrowed a bit in September, but new tariffs appear to have weighed on both exports and imports. The ISM non-manufacturing index followed its…
Financial News for the Week of November 1, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK U.S. economic activity decelerated in the third quarter to a 1.9% annual pace from 2% in the second quarter, with consumer spending doing much of the heavy lifting. The Federal Reserve implemented its third,…