July 2021 – Bond Market Review

The Federal Open Market Committee (FOMC) kept monetary policy unchanged in June. The Fed has started to discuss the idea of reducing its asset purchases at some point, but that decision remains uncertain. FOMC members’ updated economic projections also suggest that the Fed may start to raise interest rates in 2023.

7/2– Weekly Economic Highlights

Job growth was stronger than expected in June. U.S. nonfarm payrolls increased by 850,000, versus the Bloomberg consensus forecast of 720,000.

June 2021 – Bond Market Review

Estimates for US gross domestic product (GDP) growth this year have been revised higher. The current Bloomberg consensus estimate for 2021 US GDP growth is 5.5% (following a 3.5% decline last year). Although the labor market is still a long way from a full recovery, robust fiscal support should help support the economy in the […]

6/4– Weekly Economic Highlights

Job growth was modestly below expectations in May. U.S. nonfarm payrolls increased by 559,000, versus the Bloomberg consensus forecast of 675,000.

5/28– Weekly Economic Highlights

The Conference Board’s Leading Economic Index (LEI) jumped 1.6% month-over-month in April (stronger than the 1.2% consensus forecast), following a 1.3% increase in March.

5/21– Weekly Economic Highlights

The Conference Board’s Leading Economic Index (LEI) jumped 1.6% month-over-month in April (stronger than the 1.2% consensus forecast), following a 1.3% increase in March.