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Financial News for the Week of August 31, 2018
HIGHLIGHTS OF THE WEEK Markets reacted positively to developments that the U.S. and Mexico had reached a trade deal. Details still need to be finalized, including Canada’s position. A revised, trilateral agreement looks unlikely to be achieved…
Financial News for the Week of August 24, 2018
HIGHLIGHTS OF THE WEEK Financial markets jitters have eased somewhat this week as concerns about emerging countries have temporarily subsided, helped in part by a lower U.S. dollar. Economic data was mixed. U.S. business investment remained upbeat…
Financial News for the Week of August 17, 2018
HIGHLIGHTS OF THE WEEK Concerns about Turkey drove market volatility this week, but U.S. equity markets managed a rebound. Strong retail sales and historically-high small business optimism suggest a strong economic expansion in the U.S. this…
Financial News for the Week of July 13, 2018
HIGHLIGHTS OF THE WEEK For the second week in a row, action on Chinese import tariffs dominated the economic news, but markets remained positive overall, likely reflecting relief that oil prices have come off their recent highs. Since China…
Financial News for the Week of July 6, 2018
HIGHLIGHTS OF THE WEEK A holiday-shortened week was nevertheless chock-full of data releases that confirmed the U.S. economy continues to expand at a strong above-trend pace. Economic activity remains robust, but there are signs that trade…
Financial News for the Week of June 29, 2018
HIGHLIGHTS OF THE WEEK The BEA’s third estimate of Q1 real GDP downgraded growth slightly to 2.0%, from 2.2% previously. May data did show flat real personal spending, but strength in March and April still set Q2 consumption up for a decent…
Financial News for the Week of June 22, 2018
HIGHLIGHTS OF THE WEEK The U.S. economy is barreling ahead with more momentum than we had expected. Our latest forecast upgrades real GDP growth to 3.0% in 2018, from 2.7% in March. 3% is difficult to sustain over the medium term. As the fiscal…
Financial News for the Week of June 15, 2018
HIGHLIGHTS OF THE WEEK The FOMC raised the fed funds target rate by 25 bp this week. Additionally, median expectations for the fed funds target rose to 2.4% (from 2.1%), suggesting that the committee was leaning toward two more rate hikes this…
Financial News for the Week of June 8, 2018
HIGHLIGHTS OF THE WEEK Next week the Federal Open Market Committee (FOMC) will meet for the fourth time this year to discuss whether the current level of monetary stimulus is appropriate for the U.S. economy. Well above-trend economic growth and…
Financial News for the Week of June 1, 2018
HIGHLIGHTS OF THE WEEK Fears of fresh elections in Italy spooked investors, who unloaded Italian bonds – sending yields on short-term government debt skyrocketing. By the end of the week, Italy’s populist coalition was finally allowed to form a…