Economic Outlook – 30 September 2018
US The FOMC decision was the headline event this week, even though its unanimous 25 bps rate hike was widely expected. What was decidedly more interesting were key changes in the language of the committee’s [...]
Economic Outlook – 23 September 2018
US Housing starts rebounded in August but building permits dropped. Home sales also came in below expectations, as resales of existing homes were unchanged. Despite housing remaining in a soft patch, real GDP is expected [...]
Economic Outlook – 16 September 2018
US US retail sales data came in a bit light, rising just 0.1%, but data for the prior month were revised higher and the core measure of retail sales remains up at a brisk 7.8% [...]
Economic Outlook – 9 September 2018
US US employers added 201,000 new jobs in August. The prior two months of additions were revised down 50,000, bringing the three-month average to 185,000. Gains in August were broad based, with most industries adding [...]
Economic Outlook – 2 September 2018
US The second estimate for US GDP revealed a faster pace of economic growth than first estimated, with the annualised growth rate quickening slightly to 4.2% in Q2. The details also offered additional colour on [...]
Economic Outlook – 26 August 2018
US US existing homes sales declined 0.7% to 5.34 million units in July. Single-family sales fared slightly better and only experienced a 0.2% drop, while condos and co-ops fell 4.8%. Total resales have now declined [...]