Financial News for the Week of April 18, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Spring is coming to the U.S. economy after a tough winter. An impressive bounce back in retail sales in March indicates that consumer spending will bounce back in the second quarter after a disappointing…
Financial News for the Week of April 12, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Inflation pressures remain benign, as headline consumer prices rose just 1.9% year-on-year in March, and core prices came in at 2.0%.These numbers reinforce the Fed’s ‘patience’stance that was reiterated in its…
Financial News for the Week of April 5, 2019
HIGHLIGHTS OF THE WEEK Progress on U.S.-China trade negotiations helped support risk appetite this week, with equity prices and yields up. February retail sales fell 0.2% month-on-month, but an upgrade to January made it more palatable. On the…
Financial News for the Week of March 29, 2019
HIGHLIGHTS OF THE WEEK The U.S. economy expanded at a slower pace than previously reported in the fourth quarter (2.2% vs. 2.6%). This left annual average growth at just below the 3% mark, though Q4/Q4 they were just able to hit that psychological…
Financial News for the Week of March 22, 2019
HIGHLIGHTS OF THE WEEK The Fed’s dots showed that it only expects to hike rates once more by the end of 2020, sending Treasury yields lowermid-week. On Friday, weakness in March manufacturing surveys in Europe, Japan, and the U.S. sent longer-term…
Financial News for the Week of March 15, 2019
HIGHLIGHTS OF THE WEEK Our updated economic forecast anticipates a slowdown in global growth to 3.2% in 2019, roughly at trend. A weak handoff from 2018 and start to 2019 motivates much of the downgrades in advanced economies, while growth in…
Financial News for the Week of March 8, 2019
HIGHLIGHTS OF THE WEEK This week started off on an upbeat note. An uptick in the ISM non-manufacturing index got the ball rolling, with the headline rising by 3.0 points to 59.7 in February. In a nice twist to the recent doom and gloom, housing…
Financial News for the Week of March 1, 2019
HIGHLIGHTS OF THE WEEK The U.S. economy grew a robust 2.9% in 2018, the best performance since 2015, but growth moderated at the end of the year and at the start of 2019. The government shutdown and soft consumer spending in December are expected…
Financial News for the Week of February 22, 2019
HIGHLIGHTS OF THE WEEK The barrage of negative U.S. data continued this week, with weakness in December durable goods orders and a decline in existing home sales in January. Still, markets were hopeful that progress would be made in the China-U.S.…
Financial News for the Week of February 15, 2019
HIGHLIGHTS OF THE WEEK December retail sales came in significantly weaker than expected, falling 1.2% m/m, with the decline being broad-based. Consumption in Q4 is now tracking around 2.6% annualized – softer than expected, but still a pretty good…