Given the ongoing uncertainty gripping the markets, the release of the latest Federal Reserve’s Beige Book provides a timely look under the hood of several local economies. With economic reports for every district under the Federal Reserve System collated into one summary,[…]Read More
Early in March, the Bureau of Labor Statistics released a positive jobs report that exceeded expectations. The report showed that employers added 242,000 workers in February, spurred by growth in restaurants, retail and healthcare. This marked a stout increase that underscored the underappreciated strength in the labor markets.[…]Read More
As expected, markets remain volatile and we saw incremental downturns for the S&P 500, Dow and NASDAQ this week. Still, while the bull market is aging, it is alive. U.S. jobs and improved wages, among other factors, support our confidence. Additionally,[…]Read More
It’s no secret that technology is woven into our lives – from how we communicate to how we receive medical care to how we purchase goods, technology is omnipresent.
It’s also no secret that, often, winners and losers are borne out of technological innovation.[…]
Recent reports on labor productivity in the U.S. have been underwhelming. Labor productivity growth is lagging behind the momentum of the mid-1990s through the early-2000s, creating additional concerns about the “new normal” of economic growth in the U.S.
As measured by output per unit of labor hours,[…]
S&P 500 Finishes Positive in Q1 – after a tumultuous start to the year, with the S&P 500 down over -10% through February 11, stocks rallied to finish the quarter positive (up a little less than 1%). With the quarter behind us,[…]Read More
The presidential primary season has hit full stride – cue the rhetoric on everything ‘wrong with the economy!’ In just about every presidential election year, the economy becomes a central issue underscoring its perceived weaknesses. We need more jobs! Raise the minimum wage![…]Read More
Over the past few months, a growing risk of Britain possibly exiting the European Union (“Brexit”) has risen, particularly as the migrant crisis escalates and as Europe’s ability to contain terrorism is thrown into question. A “Brexit” could have far-reaching consequences for all parties involved.[…]Read More
A board member of the European Central Bank, Benoit Coeure of France, made a strong point in a recent statement when he said, “…for the recovery to become structural…monetary policy does not suffice.”
I think he’s right. The evidence is pretty clear in the global economy today.[…]