puricassarag

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So far puricassarag has created 228 blog entries.

March 2019

Economic Outlook – 17 March 2019

2019-03-18T07:41:37+00:00

US US January retail sales report was released last week and it showed a bounce-back in consumer spending after what was the worst month for retailers since the Great Recession. Stripping away volatile components (food, autos, gas and building materials) the control group measure fared even worse in December, declining 2.3%, or the largest monthly [...]

Economic Outlook – 17 March 2019 2019-03-18T07:41:37+00:00

Economic Outlook – 10 March 2019

2019-03-12T08:15:57+00:00

US Last week’s Nonfarm payrolls came in well below expectations, as employers added just 20K new jobs in February after adding 311K in January. Through the volatility, the three-month average gain of 186K is still rather strong, but marks a moderation, consistent with an upward tick in jobless claims and more moderate survey evidence from [...]

Economic Outlook – 10 March 2019 2019-03-12T08:15:57+00:00

Economic Outlook – 3 March 2019

2019-03-03T22:30:26+00:00

US The weakness in the US housing market felt through much of last year has extended into 2019. Existing home sales dropped 1.2% in January, as the lingering effects of rapid home price appreciation and higher mortgage rates in the second half of 2018 dampened sales for the third consecutive month. While overall sales have [...]

Economic Outlook – 3 March 2019 2019-03-03T22:30:26+00:00

February 2019

Economic Outlook – 24 February 2019

2019-02-24T21:39:38+00:00

US The weakness in the US housing market felt through much of last year has extended into 2019. Existing home sales dropped 1.2% in January, as the lingering effects of rapid home price appreciation and higher mortgage rates in the second half of 2018 dampened sales for the third consecutive month. While overall sales have [...]

Economic Outlook – 24 February 2019 2019-02-24T21:39:38+00:00

Economic Outlook – 17 February 2019

2019-02-17T21:45:04+00:00

US In the US, there are signs that the shutdown has had a negative impact on activity. The pace of expansion in the services sector decelerated in January. The ISM non-manufacturing index fell to 56.7 in January from 58.0 in December, reflecting concerns about the government shutdown, which negatively impacted new orders. Front-and-center was December’s [...]

Economic Outlook – 17 February 2019 2019-02-17T21:45:04+00:00

Economic Outlook – 10 February 2019

2019-02-10T20:06:54+00:00

US There are signs that the shutdown has had a negative impact on activity. The pace of expansion in the services sector decelerated in January. The ISM non-manufacturing index fell to 56.7 in January from 58.0 in December, reflecting concerns about the government shutdown, which negatively impacted new orders. Fed chairman Jerome Powell said that [...]

Economic Outlook – 10 February 2019 2019-02-10T20:06:54+00:00

Economic Outlook – 3 February 2019

2019-02-10T20:03:06+00:00

US US interest rates fell and risky assets rallied last week in the wake of very dovish commentary from the US Federal Reserve after the January meeting of the FMOC (Federal Open Market Committee). Policymakers seemed to go out of their way to reverse course after sending a more hawkish-than-intended signal to markets after their [...]

Economic Outlook – 3 February 2019 2019-02-10T20:03:06+00:00

January 2019

Economic Outlook – 27 January 2019

2019-01-27T19:02:00+00:00

US President Trump agreed to reopen the federal government for three weeks while negotiations continued over how to secure the nation’s southwestern border, backing down after a month long standoff failed to force Democrats to give him billions of dollars for his long-promised wall. The president’s concession paved the way for the House and the [...]

Economic Outlook – 27 January 2019 2019-01-27T19:02:00+00:00

Economic Outlook – 20 January 2019

2019-01-22T06:00:23+00:00

US The steady flow of US macroeconomic data that markets and the US Federal Reserve rely on in order to gauge the health of the nation's economy has been somewhat disrupted by the partial US government shutdown. For instance, US retail sales data for the critical holiday selling season have been delayed by a lack [...]

Economic Outlook – 20 January 2019 2019-01-22T06:00:23+00:00

Economic Outlook – 13 January 2019

2019-01-13T17:21:28+00:00

US The Fed appears increasingly likely to hit the “pause” button in March amid financial market volatility, trade uncertainty and an overall moderation in economic growth. In a speech this week, Fed Chairman Powell reemphasized that the Fed would exercise patience and watch the economic data carefully, a sentiment that was echoed by Fed Vice [...]

Economic Outlook – 13 January 2019 2019-01-13T17:21:28+00:00