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Tag: Weekly Highlights

1/12 – Weekly Economic Highlights

Financial markets were focused on the release of inflation data this week inclusive of both the Consumer Price Index (CPI) and Producer Price Index (PPI). The CPI increased to 0.3% month-over-month and 3.4% year-over-year in December, increasing from 3.1% year-over-year in November.

1/5 – Weekly Economic Highlights

Starting off the new year, the December employment report exceeded expectations by adding 216,000 jobs to the US economy, surpassing the consensus forecast of 175,000. Leading sectors in job gains included government (+52,000, primarily from local government positions), leisure and hospitality (+40,000), and healthcare (+38,000).

12/29 – Weekly Economic Highlights

Treasury yields continued to consolidate with rates ending the week marginally lower across all major benchmark tenors as the ‘holiday trading’ backdrop contributed to reduced volatility. Economic data releases were sparse but continue to show evidence of the consumers ability to navigate more restrictive monetary policy over the course of 2023.

12/22 – Weekly Economic Highlights

A sharp increase in Housing Starts was indicated on Tuesday as Total Housing Starts rose 14.8% month-over-month for the November period from a 0.2% increase in October. The pick-up in growth can be partially attributed to lower costs of construction materials and home builders adjusting projects to accommodate the higher interest rate environment.

12/15 – Weekly Economic Highlights

Financial market activity was dominated by the Federal Open Market Committee meeting this week. As expected at the December meeting, the FOMC voted unanimously to leave the federal funds rate unchanged at a target range of 5.25 – 5.50%.

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.

11/3 – 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.