financial news
Financial News for the Week of June 18th 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The U.S. Federal Reserve continues to upgrade its outlook. And while Chairman Powell reiterated that the recent rise in inflation was transitory, he acknowledged that there was a risk that inflation could be…
Financial News for the Week of June 11th 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Consumer price inflation accelerated to 5.0% year-on-year (y/y) in May, once again coming in ahead of expectations. Soaring prices for used cars and trucks (up 30% y/y) were a major factor in higher inflation…
Financial News for the Week of June 4th 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Job growth picked up in May, with the economy adding 559k jobs and the unemployment rate falling to 5.8%. ISM indexes pointed to strong growth in manufacturing and services sectors in May, though supply…
Financial News for the Week of May 28th 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK First-quarter consumer spending growth was revised up to an even better 11.3% (annualized). Monthly data showed that nominal spending rose 0.5% in April, but inflation-adjusted (real) spending ticked down a…
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…