Blog

Happy New Year!

We look forward to catching up with all of you as we get into the new year. Please reach out to us if you have any questions or service issues we should address right away.
We will be in touch again soon!

Last Week on Wall Street

Last Week on Wall Street

On a holiday-shortened week, economic data included U.S. Gross Domestic Product coming in unchanged from the initial estimate, higher home prices, but a drop in durable goods and new home sales, with some negative hurricane effects.

Last Week on Wall Street

Last Week on Wall Street

Last Week on Wall Street

Economic data for the week included both producer and consumer price indexes coming in lower, showing continued deceleration toward more normal levels. Retail sales and consumer sentiment improved, while industrial production and housing starts declined, with the latter likely driven by weather-related events.

Last Week on Wall Street

Economic data for the week included consumer price inflation coming in slower than expected, continuing a path of deceleration, while producer price inflation ticked up a bit from recent trend. Consumer sentiment continued to be negatively affected by higher price levels of the past several years.

Last Week on Wall Street

For the short holiday week, economic data included U.S. GDP growth being downgraded a few tenths, continued improvement in lower PCE inflation, higher home prices, and improved consumer sentiment.

Last Week on Wall Street

Economic data for the week included the FOMC meeting ending in no action, as expected. Both ISM manufacturing and services fell back into contraction, while the employment situation report came in weaker than expected. Home prices continued their stretch of gains by several measures.

Last Week on Wall Street

On a week shortened by the Good Friday holiday, economic data included the final U.S. GDP growth number for the 4th quarter being revised slightly higher. Recent monthly data included gains in durable goods orders, and mixed house price and home sales data, as well as mixed results in consumer confidence.