US The housing market is on solid ground heading into the busy summer selling season, according to home sales data released this week. Data still supports the common expectation that housing will remain a bright spot for the US economy in 2016. Durable goods orders point to continued weakness in business investment this year. The [...]
US Global bond yields continued to drop, with the US 10-year dipping as low as 1.54% before edging up slightly at the end of the week, pulled down by “Brexit” fears. The Federal Open Market Committee left rates unchanged at their meeting on Wednesday, noting the slowdown in job growth and heightened global economic uncertainty. [...]
US The Job Openings and Labor Turnover Survey indicated that US job openings rose to match an all-time high in April. Turnover eased slightly, although hiring also fell. This is evidence of a tighter labor market and job gains are likely to be more modest moving forward. Revised data showed that US productivity fell by [...]
US The weak May payrolls data acts to overshadow the otherwise positive week for the US economy. May car sales along with a strong April report for consumer personal income and expenditures added further comfort that the US economy was bouncing back from a weak first quarter. Although the US payrolls report is notoriously volatile, [...]
