Economic update for the week ending May 31, 2019

Stock markets dropped for fourth straight week on trade war fears – Stocks dropped sharply this week as increased trade tensions with China led to a fourth straight week of losses. To make investors more depressed President Trump announced that he would take emergency powers and place a 5% tariff on all goods from Mexico beginning ...

Economic update for the week ending April 27, 2019

NASDAQ and S&P 500 closed the week at all time record highs –Strong corporate earnings, lower interest rates, and an easing of trade tensions encouraged investors who pushed stocks to record highs. A strong first quarter GDP report released Friday showed that the economy grew 3.2% in the first quarter of 2019, its best first quarter showing ...

Economic update for the week ending February 23, 2019

23. February 2019 Economic Update 0
US stock markets are up more than 18% in nine weeks – Stock markets have made up nearly all the declines suffered in the last three months of 2018. Indexes are now approaching their all time highs reached last fall.  Experts point to investor’s renewed confidence based on three key issues: One:  Progress in the US ...

Economic update for the week ending February 17, 2018

17. February 2018 Economic Update 0
Key index shows inflation picking up – The Labor Department reported on Wednesday that the Consumer Price Index rose 0.5% last month.  Economists had expected a 0.3% jump. Core CPI which strips out food and energy, as they tend to be more volatile, rose 0.3% in January. Although that was the largest month over month increase since last January the year over year ...

Economic update for the week ending December 9, 2017

14. December 2017 Economic Update 0
U.S. Economy adds 228,000 new jobs in November – The Labor Department reported that 228,000 net new jobs were added in November. That beat analysts expectations of 195,000 new jobs. The unemployment rate held at 4.1%, a 17 year low.  Average hourly wages rose just 2.5% from one year ago. Wage gains have been sluggish for several years. Experts had hoped that a tighter ...