Category Archives: Economy

The Good, the Bad and the Draghi

The Good: U.S. economic data released this past week were almost uniformly good, indeed, better than expected in most cases. The Atlanta Federal Reserve’s “GDPNow” rules-based GDP forecaster has bent up from an early August indication of 2.6% GDP growth … Continue reading

Posted in Economy, Europe, Federal Reserve, Uncategorized

Q2 GDP growth hit 4% – but it took a 2% decline in Q1 to do it

U.S. GDP increased at a 4% annual rate in the second quarter of 2014, roughly one percentage point better than the consensus Wall Street forecast. In addition to the second-quarter economic rebound, the prior three quarters’ GDP estimates were revised … Continue reading

Posted in Bonds, Economy, Federal Reserve

Stocks mostly lower as Yellen begins testimony

U.S. stocks finished mostly lower on Tuesday as Federal Reserve Chair Janet Yellen told Congress that the economy remains soft but that the Fed would remain accommodative.

Posted in Economy, Energy, Europe, Federal Reserve

Stocks suffer small losses on soft consumer spending report

U.S. consumers increased their savings in May – which is not necessarily a bad thing – but consumer spending declined in real terms for a second month running – which is at least a little troubling. Personal income rose 0.4% … Continue reading

Posted in Bonds, Economy, Savings and Consumer Spending

Stocks rise, ignoring revised 2.9% Q1 GDP drop

U.S. stock market investors ignored the Commerce Department’s final revision of first quarter GDP to an annualized drop of 2.9%, making it the worst quarter of economic activity in five years.

Posted in Bonds, Economy

Stock prices hit new highs on Fed’s “steady as she goes”

Stock and bond prices rose Wednesday following the release of the Federal Open Market Committee’s post-meeting statement on monetary policy. Federal Reserve officials made some tweaks to their growth and inflation forecasts, but nothing major. A changing mix of forecasters … Continue reading

Posted in Bonds, Economy, Federal Reserve, Stocks

Stocks fall Wednesday as World Bank cuts 2014 forecasts

U.S. stocks were weaker across the board on Wednesday, with all of the major indexes ending in the red after trading in negative territory all day.

Posted in Bonds, Debt and Deficits, Economy, Global

Stocks slightly higher to mixed as markets await ECB, jobs numbers

U.S. stocks were modestly higher and international markets narrowly mixed on Wednesday as investors and traders bided their time ahead of Thursday’s European Central Bank meeting and Friday’s U.S. employment report for May.

Posted in Economy, Europe, Federal Reserve, Jobs, Purchasing Managers' Index

Weaker than expected GDP fails to faze stock investors

Undeterred by a revised first-quarter GDP figure that was even worse than already lowered expectations, U.S. stocks rose higher on Thursday.

Posted in Economy, Housing, Jobs

Dow hits new high as investors look beyond Q1’s skimpy GDP growth

The major U.S. stock market averages increased 0.3% Wednesday, enough for the Dow Jones Industrial Average to eke out an all-time high of 16581, where it is up 0.7% for April and up microscopically (0.03%) for the first four months … Continue reading

Posted in Bonds, Economy, Federal Reserve, Stocks