Economic Notes

September
29

Provided by: Jon McGraw

Economic Notes: September 29, 2014

Economic news was generally mixed on the week, with housing providing a slightly more optimistic tone. GDP for the 2nd quarter was revised a bit higher as well, casting a more positive light on the prior period. Markets experienced a bit more volatility this week, ending in the negative, with U.S. blue chips the best…

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September
22

Provided by: Jon McGraw

Economic Notes: September 22, 2014

Aside from the FOMC meeting—where language was scrutinized but little actually changed—the economic week was mixed. Several regional economic indexes came in with positive results, inflation was virtually unchanged and housing results were a bit disappointing relative to expectations. Equity markets were higher in the U.S. with a lack of hawkish surprise from the Fed…

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September
17

Provided by: Jon McGraw

Fed Notes: September 17, 2014

The Fed meeting ended with few things changing (updated language reflecting the environment), but more important things (rate policy) not changing.   The ‘taper’ continued, at an additional reduction pace of $5 mil. Treasuries and $5 mil. MBS, and QE was slated to end at October’s meeting. Two committee members dissented today, albeit for slightly…

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September
15

Provided by: Jon McGraw

Economic Notes: September 15, 2014

In a slower week for economic data, results came in tempered to positive (retail sales being a more important release), but included no major surprises. Geopolitically, the highlight originated from a developed market this time, as polls showed a stronger possibility of Scotland’s secession from the United Kingdom before this coming week’s vote. Equity and…

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September
08

Provided by: Jon McGraw

Economic Notes: September 8, 2014

Economic data for the week came in fairly strong, highlighted by the ISM manufacturing report, which is closely watched by markets. However, the August employment situation report for August was a bit disappointing. S. stocks gained on decent economic data and eased geopolitical tensions; bonds lagged on higher rates. (+) The ISM manufacturing index for…

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September
02

Provided by: Jon McGraw

Economic Notes: September 2, 2014

A busy week of economic data releases boosted by an upward revised Q2 real GDP growth rate, a double-digit monthly gain of durable goods orders in July and better than expected consumer confidence going into the back-to-school shopping season. Mixed housing sales data in July combined with more modest price appreciation and higher housing inventory…

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August
25

Provided by: Jon McGraw

Economic Notes: August 25, 2014

Economic data points from the week were quite good, and showed a continued rebound of conditions.  Inflation, as measured by CPI at least, rose at a tempered pace we’ve come to expect. Equities and other risk assets were higher, with positive data economic data noted above and lack of geopolitical disruptions; bonds sagged on higher…

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August
18

Provided by: Jon McGraw

Economic Notes: August 18, 2014

Data was mixed on the week, with retail sales disappointing, but surveys and sentiment still decent on the manufacturing/small business end. Equity markets deflected geopolitical concerns and gained, as did bond prices with interest rates falling a fraction of a percent to very low levels (even lower in Europe, which reported flat economic growth for…

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August
11

Provided by: Jon McGraw

Economic Notes: August 11, 2014

Economic data reports for the week were relatively good, led by ISM non-manufacturing, factory orders and the Fed’s Senior Loan Officer Survey showing positive results. Stocks experienced a more volatile week as events in the Ukraine raised anxiety again, which dissipated by the end of the week with net small positive effect in the U.S.,…

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August
04

Provided by: Jon McGraw

Economic Notes: August 4, 2014

A busy week of economic data releases boosted by a faster Q2 real GDP growth rate, a stronger ISM manufacturing reading in July and upbeat consumer confidence levels. Housing sales data for June was weaker, while results for July’s payroll numbers and June’s personal income and consumption data were in-line. No significant surprises from last week’s Federal Open…

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