Economic Outlook – 8 November 2020
US October NFP (nonfarm payrolls) showed another month of solid gains. The improvement in the unemployment rate was even more impressive, falling a full percentage point to 6.9% from 7.9%. Just as encouraging, the report [...]
Economic Outlook – 1 November 2020
US The American economy rebounded sharply in Q3 following one of the steepest contractions on record in Q2. Economic growth accelerated at a 33.1% annualized pace, recovering about two-thirds of the activity lost in the [...]
Economic Outlook – 25 October 2020
US The September existing home sales report reinforced the notion that the housing market remains a bright spot, even as most sectors of the economy continue to struggle under the weight of the pandemic. After [...]
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. [...]