Economic Outlook – 11 November 2018
US The Federal Open Market Committee (FOMC) voted unanimously this week to maintain the target range for the federal funds rate at 2.0% to 2.25%, a decision widely anticipated by market participants. As this was [...]
Economic Outlook – 4 November 2018
US US personal spending rose a solid 0.4% in September, consistent with the robust pace of consumption reported in last week’s Q3 GDP release. Spending was driven by a surge in durables, which, at least [...]
Economic Outlook – 28 October 2018
US US real GDP topped consensus expectations and grew a solid 3.5% in Q3. The outturn represents a modest downshift from the 4.2% registered in Q2; however, the US economy continues to grow at a [...]
Economic Outlook – 21 October 2018
US US retail sales fell short of expectations and rose 0.1% in September, primarily due to slower sales at gas stations and bars and restaurants, which dipped 0.8% and 1.8%, respectively. However, control group sales, [...]
Economic Outlook – 14 October 2018
US In the US, producer prices rose 0.2% in September, but moderated to 2.6% on a year-on-year basis. The gain was led in large part by services, up 0.3% month-on-month, as transportation and warehousing prices [...]
Economic Outlook – 7 October 2018
US Fed Chairman Jerome Powell has used a variety of superlatives to express his pleasure with the current state of the US economy. Powell believes the economy is in a good place, with exceptionally low [...]