9/4 – Weekly Economic Highlights

9/4 – Weekly Economic Highlights

Although today’s employment report confirms an improving labor market, the improvement is moderating, and the unemployment rate remains near historical highs. U.S. nonfarm payrolls were in line with expectations, increasing by 1,371,000 in August versus expectations...
8/28 – Weekly Economic Highlights

8/28 – Weekly Economic Highlights

Fed Chair Powell delivered a speech at the annual Economic Policy Symposium (typically held in Jackson Hole but live-streamed this year due to the pandemic) yesterday. As largely expected, Chair Powell unveiled a modest shift to the Fed’s monetary policy framework....
August 2020 – Bond Market Review

August 2020 – Bond Market Review

The second quarter was likely the low point for economic activity and the consensus forecast calls for a fairly strong rebound in activity in the current quarter and a slowing pace in improvement thereafter. However, the outlook remains uncertain, particularly amid...
June 2020 – Bond Market Review

June 2020 – Bond Market Review

The National Bureau of Economic Research has officially determined that the US economy entered a recession in February 2020, following a 128-month economic expansion. First quarter GDP declined 5.0% and the decline in second quarter GDP is expected to be more severe....