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By Robert Eisenbeis, Ph.D. The FOMC decided to throw a pass by cutting rates; but given the market's response, it looks like they were tackled for a loss. In Woody Hayes' parlance, the one positive of a forward pass turned into a negative. Powell attempted to offer three justifications for...
By Noelle Corum, Associate Portfolio Manager , James Ong, Director, Derivative Portfolio Management , and Rob Waldner, CFA, Chief Strategist and Head of Multi-Sector Portfolio Management The Federal Reserve (Fed) cut rates by 0.25% for the first time in over a decade, 1 a move largely...
Median household income in the United States rebounded to reach a new record high of $64,430 in June 2019, a 1.0% increase from Sentier Research's initial May 2019 estimate of $63,799 . The following chart shows the nominal (red) and inflation-adjusted (blue) trends for median household i...
So far, earnings season has been solid with above-average beat rates, guidance spread, and positive price reaction. This has certainly played a factor in improved sentiment in this week's AAII survey . Bullish sentiment jumped 6.7% to 38.4%. Though it is still within a normal range, the per...
There is always a lot of excitement around the unemployment stats these days. With near-historical lows, and the talk about 'full employment', there is much to be celebrated and traded on in the non-farm payrolls stats and Labor Department press releases. But the problem with all the hoopla ar...
The economy grew 2.1% in the second quarter, the Bureau of Economic Analysis reports. Although that marks a hefty slowdown from Q1's 3.1% increase, the Q2 advance is a bit stronger than expected. A surge in consumer spending is the main reason that GDP growth beat expectations. Personal co...
Editor's note: This article was originally published on July 26, 2019 by James Hamilton here . The Bureau of Economic Analysis announced today that U.S. real GDP grew at a 2.1% annual rate in the second quarter of 2019. That's pretty near the 2.2% average rate since the recovery from th...
Here are some things I think I am thinking about: 1) Q2 GDP - more of the same. Second-quarter GDP came in at 2.1%. Pretty weak. But more of the same. As I've long been pointing out - this is the golden age of low and stable growth. It really is a sort of Goldilocks economy. Not too hot, n...
On the latest edition of Market Week in Review, Mark Eibel, director, client investment strategies, and Rob Cittadini, senior director, U.S. institutional, discussed second-quarter GDP (gross domestic product), global central-bank dovishness and Q2 earnings season. U.S. economy still g...
By Jill Mislinski The Advance Estimate for Q2 GDP, to one decimal, came in at 2.1% (2.06% to two decimal places), a decrease from 3.1% for the Q1 Third Estimate. Investing.com had a consensus of 1.8%. Here is the slightly abbreviated opening text from the Bureau of Economic Analysis news...