12/8 – Weekly Economic Highlights
Economic data released this week presented a mixed picture. The U.S. economy grew at an annualized rate of 5.2% in the third quarter, revised up from the initial estimate of 4.9%, with the upward revisions driven by business investment and government spending.
12/1 – Weekly Economic Highlights
Economic data released this week presented a mixed picture. The U.S. economy grew at an annualized rate of 5.2% in the third quarter, revised up from the initial estimate of 4.9%, with the upward revisions driven by business investment and government spending.
11/17 – Weekly Economic Highlights
The highly anticipated Consumer Price Index (CPI) inflation report for October was released on Tuesday, coming in slightly lower than expected with no change month-over-month and an increase of 3.2% on a year-over-year basis. Headline CPI was reined in by falling gasoline prices in the month.
11/10 – Weekly Economic Highlights
Weekly Economic Highlights November 2023
11/3 – Weekly Economic Highlights
Longer-term interest rates moved lower, and the equity market turned positive on a week-over-week basis as recent economic data releases exhibited the impact of the well documented tighter financial conditions.
10/27 – Weekly Economic Highlights
The US economy grew well above trend in Q3 2023, with a 4.9% increase in Gross Domestic Product (GDP), marking the fastest growth in nearly two years. The primary factor driving this growth was a 4% rise in consumer spending as a healthy US job market continues to support strong household spending.
10/20 – Weekly Economic Highlights
US Treasury rates increased after substantial swings this week, and the curve became significantly less inverted as economic data continued to reflect a resilient consumer and labor market strength. Retail Sales rose 0.7% in September after an upward revision to 0.8% in August, exceeding the consensus forecast. Control Group Sales, which are used to calculate gross domestic product and exclude food services, auto dealers, building materials stores and gasoline stations, rebounded 0.6% and reflected broad increases across sectors.
10/13 – Weekly Economic Highlights
The US Treasury market rallied this week in a flight to quality move that resulted from the tragic events in the Middle East along with comments from Federal Reserve Open Market Committee (FOMC) members indicating that monetary policy is sufficiently restrictive, therefore they might be done raising short-term interest rates for now.
10/6 – Weekly Economic Highlights
Inclusive of today’s stronger than expected labor report, the market digested a significant amount of employment data this week. The U.S. economy added 336,000 jobs in September, significantly higher than market expectations of 170,000, and the July and August payroll reports were revised higher as well by 119,000.
9/29 – Weekly Economic Highlights
Longer term Treasury yields migrated higher on a week-over-week basis as market participants continue to ‘price in’ a higher for longer narrative on restrictive monetary policy settings from the Federal Reserve. Absent a last minute compromise, the US government is expected to shut down this weekend. Given the progress made by the US Senate on a continuing resolution to keep the government open, we believe the shutdown is likely to be relatively short, but nonetheless will have implications for the visibility on the trajectory of the economy.