Last Week Global markets got a badly needed boost of confidence last week from economic data, as reports gave further proof that the Chinese economy is stabilizing and that turmoil from the emerging markets is not dragging European and US economies downward. That, combined with more global central bank easing (the PBOC cut rates Friday […]
Last Week Data last week added to concerns that the US economy is losing positive momentum, as virtually every economic report, with the exception of jobless claims and consumer sentiment, missed estimates. While in a absolute sense US economic growth remains decent, the rate of change is what’s got people nervous. No better number was […]
Last Week Economic data last week generally confirmed what we already knew: There appears to be some loss of positive momentum in the US economy; global growth remains sluggish, and the Fed is dovish. Nothing last week materially changed anyone’s outlook for US or global economic growth. The FOMC minutes were the highlight of last […]