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 [...]
Economic Outlook – 6 September 2020
US As largely expected, the American economy continued to churn out jobs last month, albeit at a slower rate than in June and July. Indeed, August saw a total of 1.4 million net new jobs [...]
Economic Outlook – 30 August 2020
US The Federal Reserve has decided a chance of tack is necessary. Nothing too revolutionary of course, but a recognition that it should be more concerned with employment undershooting its goal than outperforming it. At [...]
Economic Outlook – 23 August 2020
US Both housing starts and existing home sales trounced market forecasts in July, rising by 22.6% and 24.7% month-on-month, respectfully. Starts are now just 7.0% below their pre-pandemic peak (January), while existing home sales are [...]