Resources

  • Weekly Economic Update – March 20, 2017

    Posted on March 20, 2017

    FED HIKES, LEAVES 2017 FORECAST UNCHANGED As expected, the Federal Reserve raised the target range for the federal funds rate by a quarter-point last week to 0.75-1.00%. “The simple message is, the economy is doing well,” Fed chair Janet Yellen explained to the media following the...

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  • Weekly Economic Update – March 13, 2017

    Posted on March 13, 2017

    COMPANIES HIRED READILY IN FEBRUARY U.S. firms added 235,000 net new jobs last month, and the latest Department of Labor employment report showed the largest growth occurring in the construction and education/health care sectors. The DoL also revised January’s job gains upward by 11,000 to 238,000....

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  • Weekly Economic Update – March 6, 2017

    Posted on March 6, 2017

    YELLEN: RATE MOVE MAY HAPPEN THIS MONTH In Chicago Friday, Federal Reserve chair Janet Yellen said that if hiring and inflation indicators continue to meet the central bank’s expectations, an interest rate hike “would likely be appropriate” at its March policy meeting. She also noted that,...

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  • Weekly Economic Update – February 27, 2017

    Posted on March 2, 2017

    A LITTLE LESS OPTIMISM AMONG CONSUMERS February’s final University of Michigan consumer sentiment index came in at 96.3, down from its January mark of 98.5, but well above the 91.7 reading of a year earlier. Despite the descent, the index just had its best three months...

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  • Weekly Economic Update – February 20, 2017

    Posted on February 20, 2017

    RETAIL SALES ROSE 0.4% in JANUARY Consumer spending on household electronics and appliances powered this gain. Analysts polled by Reuters had expected a 0.1% advance. Core retail purchases also rose 0.4% last month. The Department of Commerce revised the December increase for retail sales upward to...

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