Economy
Financial News for the Week of January 29, 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Data on U.S. fourth quarter GDP showed the economic recovery continuing, but at much slower pace (4% annualized) than the previous quarter (33.4%). The Federal Reserve held its policy rate unchanged, and…
Financial News for the Week of January 22, 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK President Biden’s inauguration was the marque event this week. Previous market optimism on the stimulus potential of the new administration seemed to run out of steam at week’s end. The current administration…
Financial News for the Week of January 15, 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK President-elect Biden unveiled a proposal for a new relief package this week. The $1.9 trillion plan includes additional one-time stimulus checks, unemployment benefit supplements and funding for state and…
Financial News for the Week of January 8, 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Unprecedented events rocked the U.S. Capitol this week. Ultimately, Congress certified Joe Biden as the next President and President Trump agreed to a peaceful transition of power. The Democrats took control of…
Financial News for the Week of December 18, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Prospects for fiscal stimulus drove volatility in equity markets this week. Policymakers are reportedly closing in on a much-needed relief package following several months of gridlock. Economic data released…
Financial News for the Week of December 11, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The S&P 500 edged lower this week on the back up in weekly jobless claims and sentiment that negotiations over the additional relief package have come to a standstill. On the economic front, besides jobless…
Financial News for the Week of December 4, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Financial markets remained upbeat this week, looking past the near-term risks associated with the ongoing health crisis. Economic data delivered a mixed bag. Both ISM activity indexes remained in expansionary…
Financial News for the Week of November 20, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK COVID-19 concerns took center stage again this week as cases surged to new daily records. This overshadowed optimism on vaccine progress and mostly positive economic data, with U.S. equity markets trending…
Financial News for the Week of November 13, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK United States Good news on the vaccine front cheered financial markets early in the week. However, as the week wore on and COVID-19 infections worsened, that optimism started to fray a bit. Many jurisdictions…
Financial News for the Week of November 6, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK United States Four days of vote counting has not yet produced a clear winner in the presidential election, with the Senate in a tight race and the House won by Democrats. There was no change to the policy…