Thanksgiving
Financial News for the Week of November 26, 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK • President Biden removed months of speculation by announcing his nomination of current Fed Chair Jerome Powell for a second term to head the Central Bank. He will be joined by Governor Brainard who the…
Financial News for the Week of November 19, 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK • October retail sales rose a better-than-expected 1.7% on the month. Sales in volatile categories were up robustly, but sales in the control group also rose a strong 1.6%. Leading the charge on this front was a…
Financial News for the Week of January 3, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK It was a relatively light week on economic data. The merchandise trade deficit narrowed in November, suggesting some upside risk to real GDP growth in the fourth quarter. Still, activity in the manufacturing…
Financial News for the Week of December 20, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The House’s impeachment of President Trump did little to detract from broader economic optimism. U.S. equity markets reached new highs this week. Housing and consumer spending data released this week confirmed…
Financial News for the Week of December 13, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The U.S. and China reached a partial trade deal. The U.S. will reduce tariffs from 15% to 7.5% on $120 billion of Chinese imports and cancel the tariffs that were to be imposed on December 15th. In exchange,…
Financial News for the Week of December 6, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK A Trade tensions reemerged this week. President Trump suggested that the U.S.-China deal could wait until after the election, announced steel and aluminum tariffs on Brazil and Argentina, and threatened to…
Financial News for the Week of November 29, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK A quiet, holiday-shortened week featured data that painted a picture of an economy that has slowed, but not stalled. Revisions to Q2 GDP did little to change the picture of the economy. Durable goods orders…