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Recent Articles
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Topic: Consumer Confidence Index
The unemployment rate held steady at 4.9% (vs. 5.1% a year ago). Average weekly hours fell (and hours for July were revised lower). Average hourly earnings rose just 0.1%, up 2.4% y/y. «Read the rest of this article» Sections: Business | No Comments
Clarksville Weekly Market Snapshot from Frazier Allen for the week of August 28th, 2016
Surprise! Yellen provided a strong hint that the central bank is a lot closer to raising short-term interest rates. Yellen said, “I believe the case for an increase in the federal funds rate has strengthened in recent months.” Take that in context with other evidence. «Read the rest of this article» Sections: Business | No Comments
Clarksville Weekly Market Snapshot from Frazier Allen for the week of August 21st, 2016
Others felt that there was plenty of time to wait for more information and that it would be harder to correct course if the Fed moved too rapidly. Among voting FOMC members, the hawkish view (those wanting to raise rates sooner rather than later) appeared to be a minority. «Read the rest of this article» Sections: Business | No Comments
Clarksville Weekly Market Snapshot from Frazier Allen for the week of August 14th, 2016
Preliminary productivity figures for the second quarter were weak (averaging a 0.5% annual rate over the last five years). Jobless claims remained very low. The Producer Price Index fell more than expected and pipeline pressures remained mild or slightly deflationary. «Read the rest of this article» Sections: Business | No Comments
Clarksville Weekly Market Snapshot from Frazier Allen for the week of August 7th, 2016
More importantly, “near-term risks to the economic outlook have diminished.” Kansas City Fed President Esther George dissented in favor of raising the federal funds target range by 25 basis points (to 0.50% to 0.75%). «Read the rest of this article» Sections: Business | No Comments
Clarksville Weekly Market Snapshot from Frazier Allen for the week of July 24th, 2016
ECB President Draghi indicated that policymakers were encouraged by the financial stability following the initial reaction to the Brexit vote. He also said that more information will become available over time and the ECB would act using all possible tools “if needed.” «Read the rest of this article» Sections: Business | No Comments
Clarksville Weekly Market Snapshot from Frazier Allen for the week of August 2nd, 2015
Real GDP rose at a 2.3% annual rate in the advance estimate for 2Q15, a bit shy of expectations, but the first quarter was revised to +0.6% (from -0.2%). Annual benchmark revisions showed a somewhat slower rate of growth in the past few years (mostly in 2013), which implies that the output gap (the difference between GDP and potential GDP) is higher than it was thought to be earlier (an important consideration for the Fed). «Read the rest of this article» Sections: Business | No Comments
Clarksville Weekly Market Snapshot from Frazier Allen for the week of July 29th, 2015
Durable goods orders are expected to have been boosted by a pickup in aircraft orders in June, but the trend in non-transportation orders has been weak in recent months. The Conference Board’s Consumer Confidence Index rose sharply in June – so it wouldn’t be unusual to see a modest pullback in July. «Read the rest of this article» Sections: Business | No Comments
Second Quarter ends Strong, but Investors remain Cautious
After a hesitant start to 2014, the markets gained momentum as the winter doldrums gave way to slow spring growth. But ever-present concerns over the Fed’s imminent move to wind down its quantitative easing program and eventually raise rates again have kept stock market euphoria at bay. «Read the rest of this article» Sections: Business | No Comments
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