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On the latest edition of Market Week in Review, Senior Portfolio Manager Megan Roach and Research Analyst Brian Yadao dig into the week's economic data, the annual Economic Policy Symposium from the U.S. Federal Reserve (the Fed) and a week of market optimism.
Expectation-beating economic data
Regarding economic data, Roach noted that it was mostly good news on the data front this week, observing that, in the U.S., new home sales and durable goods orders are showing that U.S. consumers are beating expectations. According to Roach, home purchases were up 36% in July over last