August 5, 2016 | Daily JAM, Morning Briefing, Short Term |
The U.S. economy added 255,000 net new jobs in July, the Bureau of Labor Statistics reported this morning. The government revised June’s jobs total upwards to 292,000. The headline unemployment rate remained at 4.9% as workers on the sidelines re-entered the labor market. The full unemployment rate, which counts discouraged workers no longer looking for a job and part-time workers who would prefer a full-time job ticked upwards to a seasonally adjusted 9.7%
August 2, 2016 | Daily JAM, Morning Briefing, Short Term |
Consumer purchases rose 0.4% in June, according to a report from the Commerce Department this morning. That was ahead of the 0.3% increase forecast by economists surveyed by Bloomberg. But incomes rose by a lower than expected 0.2% in June. Consumers spent more by putting less into savings. The savings rate dropped to 5.3% from 5.5%
July 31, 2016 | Daily JAM, Mid Term, Volatility |
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July 29, 2016 | Daily JAM, Morning Briefing, Short Term |
In the second quarter the U.S. economy grew by an annualized 1.2% instead of the 2.6% forecast by economists at the end of last week. This follows on 0.8% growth in the first quarter.
July 28, 2016 | Daily JAM, Morning Briefing |
While it did nothing on Wednesday to change interest rates, the central bank said quite a lot about the U.S. economy. This language does clear the way for a possible interest rate increase in September
July 25, 2016 | Daily JAM |
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July 15, 2016 | Daily JAM, Morning Briefing |
It’s important to remember that a strong U.S. economy doesn’t guarantee a climbing U.S. stock market. We can see that in likelihood that despite that economic strength the stocks in the U.S. Standard & Poor’s 500 are projected to have turned in yet another quarter–the fifth in a row–of declining year to year earnings when all the numbers are added up for the second quarter of 2016.
July 14, 2016 | Daily JAM, Morning Briefing |
Second quarter earnings results announced this morning by JPMorgan Chase (JPM) held solidly good news for the U.S. economy. Not as much good news for the bank and the banking sector in general, though. JPMorgan Chase is the first of the big banks to report with Citigroup (C) and Wells Fargo (WFC) on deck tomorrow
July 12, 2016 | Daily JAM, Short Term |
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June 28, 2016 | Daily JAM, Morning Briefing, Short Term |
This morning the Commerce Department announced that it had revised its estimate for first quarter GDP growth up to 1.1%, from an earlier estimate of 0.8%. This is the last of three estimates for first quarter GDP. The median projection for this revision of first quarter GDP growth by economists surveyed by Bloomberg called for 1.0% growth.
June 21, 2016 | Daily JAM, Morning Briefing, Short Term |
Just as British bookmakers are soothing some financial market angst over the results of Thursday’s Brexit vote, Federal Reserve chair Janet Yellen is turning up the anxiety meter. Basically what Yellen said today is that the Fed is on watch to see whether the U.S. economy will show signs of improvement in growth. That’s a significant shift from last week when Yellen talked about watching to see when the economy showed signs of improvement.
June 4, 2016 | Uncategorized |
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