financial news
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 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 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 August 7, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Despite a surge in COVID-19 cases in July, economic data remained broadly positive. Vehicles sales rose 11.3% to a better-than-expected 14.5 million (SAAR). The ISM indices also ticked up on the month and beat…
Financial News for the Week of July 31, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Real GDP fell by an historic 9.6% in the second quarter (32.9% annualized), led by declines in spending on services as the economy locked down in March and April. The fall was deep but short. Spending rebounded…
Financial News for the Week of July 24, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK A tug of war between encouraging vaccine news and hopes of new economic stimulus, and early indications that the recovery might be stalling, is fueling financial market volatility. Jobless claims rose to 1.42…
Financial News for the Week of July 17, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Despite the continued surge in new infections in the U.S., financial markets were on the upswing this week on positive economic data and encouraging news on a vaccine. Internationally, the Chinese economy…
Financial News for the Week of January 24, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Markets were focused on the progress of the new coronavirus in China, with few economic headlines in the U.S.. It is still early days, but it is likely the important efforts to contain the disease will crimp…
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 January 10, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The U.S. economy continued to churn out jobs at a solid pace. Non-farm employment grew by 1.6% over 2019, marking only a slight deceleration from the 1.7% recorded in 2018. The services side of the economy also…