The reports this week on July activity were fairly positive. Light vehicle sales continued to rebound and the ISM purchasing manager surveys indicate that both the manufacturing and non-manufacturing sectors are gathering momentum. All eyes were on...
The reports this week were mixed. The long-awaited report on 2nd quarter GDP came in as expected: a historic collapse of activity. That said, it is a backward-looking indicator. It likely reflects a deep decline in April and we have since moved on....
The reports this week were few in number and centered in housing. Both existing and new home sales are recovering after several weak months in the spring due to the COVID-19 pandemic. The number of weekly new jobless claims rose slightly, ending 17...
The reports this week were on the positive side. Retail sales featured another strong gain with increases across nearly all segments. Small business optimism bounced back as well and the latest Fed Beige Book shows economic activity increasing in...
The reports this week (and last), were positive. Labor markets continue to improve as evidenced by falling new claims for unemployment and the record gain in non-farm employment. Restoration, however, has a long way to go. Consumer confidence...
