Economic Outlook – 18 October 2020
US The latest inflation report should quiet the stagflation chatter that had emerged after a couple of hot months for core inflation. Both headline and core CPI rose a middling 0.2% in the month of [...]
Economic Outlook – 11 October 2020
US The Federal Reserve Chair Powell made a strong case for additional fiscal support in a speech last week. He noted that despite the rebound seen so far, the economy is still in a precarious [...]
Economic Outlook – 4 October 2020
US The release of employment data for the month of September showed ongoing, albeit decelerating progress in the labor market recovery. Indeed, 661,000 payroll jobs were added last month, down from 1.5 million in August. [...]
Economic Outlook – 27 September 2020
US Existing home sales rose by 2.4% in August to 6.0 million units (annualized), which marked another post-Great Recession record. The improvement spanned both single and multi-family segments and all four Census regions, though gains [...]
Economic Outlook – 20 September 2020
US The Federal Reserve indicated that there will be no interest rate increase until at least end of 2023 and will not tighten policy until inflation is higher than 2% for “some time”, a move [...]
Economic Outlook – 13 September 2020
US Economists are revising higher their expectations for US growth in the year's third quarter. Goldman Sachs recently upped its Q3 forecast to a 35.0% annual rate while Bank of America revised its view up [...]