12/10- Weekly Economic Highlights
Consumer price inflation remained elevated in November, in line with expectations. The Consumer Price Index (CPI) was up 6.8% year-over-year in November, versus up 6.2% year-over-year in October. Core CPI (CPI less food and energy) was up 4.9% year-over-year in November, versus up 4.6% in October.
12/3- Weekly Economic Highlights
Job growth was weaker than expected in November, but the unemployment rate still declined four tenths of a percent to 4.2%. We believe a variety of factors are keeping some workers out of the labor force, which has likely held back job growth despite strong demand from employers.
11/19- Weekly Economic Highlights
This week’s economic data was mostly favorable. Though high inflation, supply chain constraints, and the ongoing health crisis continue to impact the overall economy, recent data supports the view that economic growth has picked up in the current quarter.
11/12– Weekly Economic Highlights
The monthly nonfarm payrolls report was released this morning and the results were solid as the impact of the coronavirus delta variant to the economy continues to dissipate.
11/5– Weekly Economic Highlights
The monthly nonfarm payrolls report was released this morning and the results were solid as the impact of the coronavirus delta variant to the economy continues to dissipate.
10/29– Weekly Economic Highlights
The pace of economic growth appears to be moderating from a very high level, but the outlook for economic growth remains strong.
10/22– Weekly Economic Highlights
The pace of economic growth appears to be moderating from a very high level, but the outlook for economic growth remains strong.
10/15– Weekly Economic Highlights
Minutes from the Federal Open Market Committee (FOMC) September meeting indicate that the potential path of Fed tapering would feature monthly reductions in the pace of asset purchases of $10 billion in Treasury securities and $5 billion in agency mortgage-backed securities.
10/8– Weekly Economic Highlights
Job growth was weaker than expected in September, but the unemployment rate fell below 5% for the first time since March 2020. U.S. nonfarm payrolls increased by 194,000 in September, versus the consensus forecast of 500,000.
10/1– Weekly Economic Highlights
Economic data remain somewhat mixed and we believe the ongoing health crisis and related supply chain bottlenecks continue to have a meaningful impact. Nevertheless, we believe the underlying momentum of the economy remains strong.