Economic Outlook – 7 July 2019
US Employers added 224K jobs in June. That pushed the three-month average up to 171K, but the 172K average over the first six months of this years is down substantially from the 211K average the [...]
Economic Outlook – 30 June 2019
US The US Commerce Department reported last week that durable goods orders declined 1.3% in May, surpassing consensus expectations for a scant 0.3% decline.The good news: Taking the May decline at face value likely overstates [...]
Economic Outlook – 23 June 2019
US The Fed kept rates unchanged last week but opened the door to easing later this year by noting the heightened uncertainty to the economic outlook and the persistent undershoot of inflation. Seven committee members [...]
Economic Outlook – 16 June 2019
US Most employment indicators continued to show a great deal of strength last week, including the latest JOLTS data and the weekly initial unemployment claims, which rose but remain near historic lows. The JOLTS survey [...]
Economic Outlook – 26 May 2019
US US durable goods orders fell 2.1% during April. Orders have been influenced by volatile aircraft orders in recent months, and this was again the case. The grounding of the Boeing 737 MAX and subsequent [...]
Economic Outlook – 19 May 2019
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 [...]