Weekly Economic Update

Weekly Economic Update 02/11/2019

THE WEEK ON WALL STREET Major U.S. stock benchmarks eked out slight gains last week, with corporate profit reports and news about U.S.-China trade negotiations vying for investor attention over five trading sessions.The big three ended the week little changed from where they settled the…

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Weekly Economic Update 02/04/2019

FEBRUARY BEGINS WITH SOME EXCELLENT ECONOMIC DATA Payrolls swelled with 304,000 net new jobs last month, according to the Department of Labor’s February employment report. (A Bloomberg survey of economists had projected a gain of 165,000.) The number of Americans temporarily laid off or working…

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Weekly Economic Update 01/28/2019

HOME SALES QUICKLY FALTER Seldom do existing home sales fall 6.4% in a month, but that was what happened in December. National Association of Realtors economist Laurence Yun called the drop a reflection of “consumer search processes and contract signing activity in previous months when…

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Weekly Economic Update 01/21/2019

CONSUMER SENTIMENT HITS A 2-YEAR LOW Analysts surveyed by MarketWatch thought the University of Michigan’s preliminary January consumer sentiment index would display a reading of…

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Weekly Economic Update 01/14/2019

FOR THE FIRST TIME SINCE MARCH, INFLATION RETREATS December brought a 0.1% decline in the Consumer Price Index, the first in nine months. As in…

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Weekly Economic Update 01/07/2019

2018 ENDED WITH A HIRING SURGE The latest Department of Labor jobs report suggests an economy with plenty of forward momentum. Employers added 312,000 net new jobs in December, the most in ten months. The main jobless rate rose 0.2% to 3.9% as more Americans…

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Weekly Economic Update 12/31/2018

YEAR-END SPECIAL EDITION: A LOOK BACK AT 2018 The close of the year provides an opportunity for investors to step back and consider the wider financial landscape. This week, we’re reviewing some key issues that defined 2018, as well as some factors that may influence…

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Weekly Economic Update 12/24/2018

FED FAILS TO CALM WALL STREET Federal Reserve policymakers voted unanimously last week to raise the benchmark interest rate by another 0.25%, putting the main overnight lending rate in the 2.25-2.50% range. Investors hoped for a hint of a pause in the Fed’s tightening plans,…

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