RSSCategory: Economic Updates

Aug

13

Growth Report – Monday, August 13, 2018

INFLATION AT 2.9%, CORE INFLATION AT 2.4% Friday, the Department of Labor reported these annualized gains through July of this year for the Consumer Price Index. Both the headline and core CPIs rose 0.2% last month, matching the consensus forecast of economists polled by Reuters. The yearly core inflation increase is the largest on record […]

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Aug

6

Growth Report – Monday, August 6, 2018

ECONOMY ADDS 157,000 NET NEW JOBS Employers expanded their payrolls in July, but new Department of Labor data showed the hiring pace slowing down. May and June gains, however, were revised up by a combined 59,000, bringing average monthly job growth over the past three months to 224,000. Even with fewer hires, the headline unemployment […]

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Jul

31

Growth Report – Monday, July 30, 2018

First estimate of Q2 GDP: 4.1% Not since the third quarter of 2014 has the economy grown at such a pace. In its report released Friday, the Bureau of Economic Analysis noted 4.0% growth in consumer outlays during the quarter, a 7.3% improvement in business spending, and 3.5% more federal government spending. The BEA also […]

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Jul

16

Growth Report – Monday, July 16 2018

INFLATION NEARS 3% The federal government’s Consumer Price Index rose 2.9% across the 12 months ending in June, a level of annualized inflation last seen in February 2012. Yearly inflation has now increased for five straight months (although the headline CPI went north only 0.1% last month). The core CPI, which removes food and fuel […]

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Jul

9

Growth Report – Monday, July 9, 2018

ANOTHER STRONG MONTH FOR THE LABOR MARKET Employers hired 213,000 more workers than they laid off in June, according to the Department of Labor. Analysts surveyed by Bloomberg had forecast a gain of 195,000. In the second quarter, net monthly job growth averaged 211,000. As the labor force participation rate increased 0.2% last month, so […]

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Jul

2

Growth Report – Monday, 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. May also brought the sixth straight 0.2% monthly increase […]

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Jun

25

Growth Report – Monday, June 25, 2018

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 […]

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Jun

18

Growth Report – Monday, June 18, 2018

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 […]

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Jun

11

Growth Report – Monday, June 11, 2018

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; […]

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Jun

4

Growth Report – Monday, June 4, 2018

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. […]

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