Economy
Financial News for the Week of April 23, 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Without much noteworthy economic data this week, market sentiment soured on a leaked Biden administration proposal to raise the maximum tax rate on capital gains of high-income taxpayers. First quarter GDP data…
Financial News for the Week of April 16, 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Headline inflation jumped in March, but it’s too soon to sound the alarm. Economic slack is still high, inflation expectations benign, and the Fed unlikely to sit on the sidelines if they drift up……
Financial News for the Week of April 9, 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK U.S. equities jumped early this week and continued to move higher over the course of it despite the prospect of higher corporate taxes announced by the Biden administration. A few dark spots in the short-term…
Financial News for the Week of March 19, 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Most Federal Open Market Committee members see no interest rate hikes until at least 2024 despite a sharp upgrade to the growth outlook. Retail sales weakened on the back of frigid temperatures, but additional…
Financial News for the Week of March 12, 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK One year after the start of global lockdowns, it is starting to feel like the end is finally approaching. The new fiscal package signed into the law will continue to support a stronger economic recovery and the…
Financial News for the Week of March 5, 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The ISM indexes diverged in February, with manufacturing improving and services falling on the month. However, both remain well in expansionary territory. Vehicle sales, meanwhile, fell 5.7% to 15.7 million…
Financial News for the Week of February 26, 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Federal Reserve Chairman Powell reassured markets that there will be no early tightening of monetary policy or drawdown of asset purchases even with a brighter economic outlook. Consumers remain at the…
Financial News for the Week of February 19, 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The week’s data confirmed that the U.S. economy continued to make progress early in 2021. That progress looks likely to get a substantial shot in the arm from the $1.9 trillion American Rescue Plan in the…
Financial News for the Week of February 12, 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The headline Consumer Price Index rose 0.3% in January and was up 1.4% year-on-year. Removing food and energy prices, the core index was flat on the month and slowed to 1.4% year-on-year from 1.6% in December.…
Financial News for the Week of February 5, 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Economic data released this week was balanced enough to re-ignite optimism in financial markets without calling into question the next fiscal support package. Job market data showed a third consecutive decline…