Clarksville, TN – The economic data calendar was thin. Stock market participants finally got their chance to react to the disappointing employment data for March (the report was released on Good Friday).
However, the negative response was brief, as the market opened lower on Monday and then quickly turned up. The markets seemed to be looking for direction through the week, but failed to find much in the early earnings reports.
Montgomery County, TN – Montgomery County Government is pleased to announce that its 2015 general obligation refunding bonds have been assigned an AA+ (Stable) rating by Standard & Poor’s Rating Services.
Montgomery County Mayor Jim Durrett states, “We are very pleased to again receive the rating of AA+ (Stable), as very few counties receive such a great rating and even fewer maintain it. This shows our commitment to being good stewards of tax-payer dollars.” «Read the rest of this article»
Cunningham, TN – Dan Cramer, candidate for the U.S. House of Representatives District 7, came to the 106th Annual Lone Oak Picnic held by the Central Civitan Club Saturday, July 27th, 2014 to talk to the crowd.
“My campaign is all about an America that works for working Americans. The economy, our culture, our society, our country is built by working Americans, said Cramer. “When they have a good life, good money, fair wages, opportunities for their families and children, that everything flows up hill and the whole country does better. That’s my policy, that’s what my legislation in congress will be all about.”
Clarksville, TN – Credo Amouzouvik, U.S. Congressional democratic candidate for Tennessee District 7 has been visiting the counties in the district and is set to speak at the Clarksville Association of Realtors’ 2014 Political Candidate Forum today in Clarksville Tennessee.
Credo believes that consistent contact with constituents and an open flow of communication be-tween government leaders and their constituents is essential to a successful term in office. “Visiting the counties puts me in touch with the people so that they can share how they feel about current policies and politics affecting them,” says Amouzouvik (Credo). “When it comes to healthcare, education, jobs and the economy; I want them to share that with me.”
Clarksville, TN – U.S. stocks had a great run in 2013 with major indices up 27% to 38%, but that momentum lost a bit of steam in January and the first hours of February trading.
The pullback toward the end of January seems to reflect investor concern about turmoil in emerging markets in general, and specifically, about a drop in Argentina’s currency and a deceleration of Chinese manufacturing.
Clarksville, TN – Aspire Clarksville, an economic development foundation to benefit Clarksville-Montgomery County, Tennessee, will officially launch its new campaign at a kickoff breakfast in early February.
The new, five-year, campaign aims to raise nearly $3.8 million for local business development, which is anticipated to bring over 3,500 jobs to the area.
The new effort, “A Focus On The Future,” is the fifth campaign since the Aspire initiative was started in 1996. «Read the rest of this article»
Clarksville, TN – Next week, the ISM Manufacturing Index should set the tone for the week, but the markets will put a lot of weight on the November jobs data.
Recall that the government shutdown did not have a noticeable impact on the October nonfarm payroll figures (which were stronger than anticipated), but did alter the household survey data (the unemployment rate and the employment/population ratio).
Clarksville, TN – The minutes of the October 29th-30th Federal Open Market Committee meeting showed that monetary policymakers still expected the economy to improve in line with their earlier projections “and would thus warrant trimming the pace of purchases in coming months.”
Officials also considered scenarios where the Fed could taper “before an unambiguous further improvement in the outlook was apparent.” The stock market pulled back a bit on the taper talk, but rose to new highs anyway.
Clarksville, TN – In her nomination hearing before the Senate Banking Committee, Janet Yellen took a balanced approach in discussing how she would conduct monetary policy, but the markets took that as “dovish.”
She gave no hint that the pace of asset purchases would be tapered anytime soon, but she also cautioned that the program could not last indefinitely. She noted that the economy is far from fully recovered and indicated that “we have farther to go” in the labor market.
Clarksville, TN – The economic data surprised. Real GDP rose at a stronger-than-expected 2.8% annual rate in the advance estimate for 3Q13, but the figure was boosted by faster growth in inventories (which added 0.8 percentage point to GDP growth).
Consumer spending rose at a 1.5% annual rate, while business fixed investment rose 1.6% – nothing to write home about. The partial government shutdown had a mixed impact on the October employment figures.
Nonfarm payrolls rose by 204,000 (median forecast: +125,000), while August and September figures were revised a net +60,000.
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