Economic Commentary

Fed officials, as expected, left their monetary policy unchanged at the September FOMC meeting. The …

Retail sales rose less-than-expected in August following three months of brisk spending. Although th…

Once a month, Bloomberg surveys more than 70 of the nation’s economists on their economic and intere…

It’s been another relatively light week for economic data. It’s not that there are fewer releases, b…

The August employment report from the Bureau of Labor Statistics (BLS) was better than expected with…

The Bureau of Labor Statistics (BLS) monthly employment report (scheduled for release on Friday morn…

It was widely expected (and generally thought to be the case anyway), but this morning at the annual…

This morning, the Commerce Department reported an unexpectedly strong +11.2% rise in durable goods o…

In yesterday’s commentary on initial jobless claims we noted that the uptick in claims fit the narra…

Initial claims for unemployment benefits had been trending lower and last Thursday’s weekly report s…

Once a month, Bloomberg surveys more than 70 of the nation’s economists on their economic and intere…

Headline retail sales rose +1.2% in July. Although the overall increase fell short of the +2.1% medi…

TSA checkpoint numbers indicated daily passenger count reached its highest level in five months on S…

The Bureau of Labor Statistics (BLS) reported 1.76 million jobs were (re)added to company payrolls i…

This morning, the ISM non-manufacturing index surprised to the upside, as optimism rose among U.S. s…

Quarterly GDP is both the most important and least timely of the economic indicators. The second qua…

This afternoon, at the conclusion of the two-day July FOMC meeting, Fed officials left the overnight…

This morning, the Commerce Department announced new home sales had risen +13.8% in June to a 776k an…

This morning, the retail sales report topped forecasts for the second straight month. The +7.5% June…

Once a month, Bloomberg surveys more than 70 of the nation’s economists on their economic and intere…

Equities opened down but have since moved into positive territory, while bond yields on the short en…

The second quarter began with much of the nation hunkered down to weather what many expected to be a…

There isn’t any “new normal” yet, but one of the persistent issues in this odd transition period is …

Economic releases continue to take a backseat to the recent spike in new coronavirus cases. Yesterda…

There were a considerable number of economic releases this week, but there’s no indication the finan…

On Monday, existing home sales (which have historically represented 85% to 90% of the total housing …

As Americans readjust to the coronavirus world, it’s become increasingly difficult to get a true sen…

Stocks are soaring in early trading as May retail sales absolutely crushed all expectations. Sales s…

Once a month, Bloomberg surveys more than 70 of the nation’s economists on their economic and intere…

The idea that prices of most goods and services will fall in 2020 has been widely accepted, so inves…

The Fed’s policy-making committee emerged from its scheduled two-day meeting this afternoon with lit…

Wednesday’s giant forecast miss on the ADP employment change report had already cast doubt on dire f…

The enormous differences between expectations and actual data continues while the economic numbers s…