Monthly Archives: May 2019

May 2019

Economic Outlook – 19 May 2019

2019-05-19T10:39:34+00:00

US US industrial production fell 0.5% in April. A drop in utilities output offset an increase in mining. The real sore spot in the report, however, was the 0.5% drop in manufacturing output. Consistent with softness at the retail level, auto production fell 2.6%, but just as weak was production of machinery - an ominous [...]

Economic Outlook – 19 May 2019 2019-05-19T10:39:34+00:00

Economic Outlook – 12 May 2019

2019-05-12T19:26:25+00:00

US The trade deficit widened slightly in March to $50.0 billion. Exports posted an increase for the third consecutive month, but imports jumped 1.1% after a measly gain in February and a drop in January. The widening does not look to be quite as large as the BEA estimated heading into the initial release of [...]

Economic Outlook – 12 May 2019 2019-05-12T19:26:25+00:00

Economic Outlook – 5 May 2019

2019-05-05T21:52:16+00:00

US The Fed’s policy-setting committee decided to make no change to official short-term interest rates, as was widely expected. Investors appeared to react negatively to Fed Chairman Jerome Powell’s post-meeting press conference, which was widely characterized as more hawkish than anticipated. Powell stated that the recent pattern of below-target inflation may prove “transitory” and that [...]

Economic Outlook – 5 May 2019 2019-05-05T21:52:16+00:00