financial news
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…
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…