Economy

Financial news for the week of September 11, 2020

Financial News for the Week of September 11, 2020

FINANCIAL NEWS HIGHLIGHTS OF THE WEEK A wide dispersion of forecasts for U.S. growth over the next year reflects high levels of uncertainty around the duration of the health crisis as well as future government supports. Assuming a modest fiscal…


Financial news for the week of September 4, 2020

Financial News for the Week of September 4, 2020

FINANCIAL NEWS HIGHLIGHTS OF THE WEEK After reaching new highs early in the week, financial markets tumbled, driven by a broad sell-off in technology stocks. The S&P 500 is on track to end the week about 3% below last week’s close. The labor…


Financial news for the week of August 28, 2020

Financial News for the Week of August 28, 2020

FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Federal Reserve Chair Powell unveiled a change in the Fed’s monetary policy strategy, announcing that it will target an inflation rate “that averages 2% over time” (instead of a strict 2% goal), and that it…


Financial news for the week of August 21, 2020

Financial News for the Week of August 21, 2020

FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The housing market continues to exceed expectations. Existing home sales and starts rose by 24.7% m/m and 22.6%, respectfully in July. Existing home sales are now 8% above January levels while starts are 7%…


Financial news for the week of August 14th, 2020

Financial News for the Week of August 14, 2020

FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Markets were in a good mood overall this week, despite no deal in Congress on the next round of assistance. The big political news was Biden’s historic VP pick. With 81 days until the election, the race is on!…


Financial news for the week of January 17, 2020

Financial News for the Week of January 17, 2020

FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Data releases over the week reinforce the main themes in the U.S. economy: solid consumption, housing market recovery, faltering business investment and soft inflation. The phase one trade deal was formally…


Financial News for the week of November 22, 2019

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…