Entries by admin

Monthly Economic Update for July, 2018

In this month’s recap: tariff talk weighs on equities worldwide, oil prices jump 10%, and the Fed raises rates once more. Monthly Economic Update   Presented by JB Beckett, July 2018   THE MONTH IN BRIEF While segments of the stock market rallied in June, assumptions that a global trade war was starting hurt the […]

June 2nd – Weekly Economic Update

Weekly Economic Update Presented by JB Beckett, July 2, 2018 INCOME AND SPENDING RISE, ALONG WITH CORE INFLATION According to the latest monthly Department of Commerce snapshot, personal incomes improved 0.4% in May. Personal spending, however, advanced just 0.2% (half the gain forecast by economists polled by Reuters) and was actually flat when adjusted for inflation. […]

June 25 – Weekly Economic Update

TARIFF TALK INTENSIFIES Major economic powers proposed additional import taxes last week, as investors wondered if a global trade war was now underway. Monday evening, President Trump stated that he had instructed U.S. Trade Representative Robert Lighthizer to identify another $200 billion of Chinese products to subject to a new 10% import duty. Shortly before […]

June 18 – Weekly Economic Update

FED, NEW TARIFFS GET WALL STREET’S ATTENTION As expected, the Federal Reserve adjusted the target range on the federal funds rate to 1.75%-2.00% on Wednesday. The central bank’s latest dot-plot projection, however, raised some eyebrows: it showed four interest rate increases planned for 2018 instead of three. The median forecast of Fed officials puts the benchmark interest rate […]

June 11 – Weekly Economic Update

100 MONTHS OF GROWTH FOR SERVICE BUSINESSES The Institute for Supply Management announced this milestone as it revealed a 58.6 May reading for its non-manufacturing purchasing manager index. That excellent reading was well north of the 56.8 mark seen in April. Fourteen of the fifteen service industries followed by the PMI reported expansion in May; the […]

June – Monthly Economic Update

THE MONTH IN BRIEF In May, investors were left to interpret mixed geopolitical and financial signals. The historic U.S.-North Korea summit was on, then off, then possibly on again. An apparent truce emerged in the U.S.-China tariffs battle, but it did not last. Oil rallied, but then prices fell. Federal Reserve policy meeting minutes indicated […]

June 4 – Weekly Economic Update

HIRING, HOUSEHOLD SPENDING STRENGTHEN Net job growth surprised to the upside in May: companies added 223,000 more workers than they laid off or fired. At 3.8%, the unemployment rate is now where the Federal Reserve thought it would be at the end of 2018, and it is also at its lowest level since April 2000. Underemployment, […]

April 16th – Weekly Economic Update

CONSUMER SENTIMENT INDEX DESCENDS SLIGHTLY In its initial April edition, the University of Michigan’s survey of household sentiment saw its index decline to 97.8 from its final March reading of 101.4. The survey’s chief economist, Richard Curtin, believed that “uncertainty surrounding the evolving [U.S.] trade policy” affected the reading, but he added that “confidence still […]