In the holiday shortened week, June PMI data offered alternate views on economic growth in the second quarter. June jobs numbers also offered a contrasting picture on labor market conditions.
Weekly Review & Outlook: July 1, 2024
May Personal Consumption Expenditures (PCE) followed the earlier May Consumer Price Index (CPI) observations of cooler consumer inflation in the month. Bank stress tests results were released with all 31
Weekly Review & Outlook: June 24, 2024
We reach the final week of the 2nd quarter with economic models such as the Atlanta Fed GDPNow projecting 3% annualized growth in the current period. The latest PMI data
Weekly Review & Outlook: June 17, 2024
Inflation cooled in May as the Fed left monetary policy little changed. Treasuries and the broader market rallied with the S&P 500 making a new all-time high. Bank stocks fell
Weekly Review & Outlook: June 10, 2024
Divergent surveys were released for both economic activity and labor markets. Is the manufacturing sector expanding or contracting? The answer depends on which PMI survey is accurate. The same is
Weekly Review & Outlook: June 3, 2024
Economic growth estimates for 1Q were lowered and further April inflation data was released. Stocks rebounded to finish May higher after the April pullback. The April Personal Income and Outlays