New daily COVID-19 cases continued to decline last week, but new jobless claims increased from the prior week. The change in trend could just be noise following impact of Memorial Day holiday period leading to lower claims and the following…
U.S. monetary policy was unchanged today as the Fed issued their official statement following their fourth meeting of 2021. Minimal changes were made in the official statement compared to the prior statement. While acknowledging progress on vaccinations has reduced the…
New daily COVID-19 cases continued to decline last week, but the pace of decline slowed. Economic activity continues to recover as more states ease or eliminate restrictions. New jobless claims declined to their lowest level for the pandemic last week.…
May saw 559,000 new jobs created but 675,000 had been expected. The headline unemployment rate and the underemployment rate both fell to new lows for the pandemic. New jobless claims also fell again last week to their lowest level for…
The declining trend in new daily COVID-19 cases continued last week. Consumer sentiment improved last week, but all measures of consumer confidence saw declines in May. Economic activity is continuing to pick up, and first-quarter GDP growth accelerated. Spending grew…
Early in May the owner and operator of the Colonial Pipeline was hit by a ransomware attack. The Colonial Pipeline is among the biggest fuel lines in the United States, and the ensuing trouble, which forced the company to shut…
The trend in new daily COVID-19 cases declined again last week, leading to improved economic activity. Consumer sentiment gained ground but remains down for May despite increasing economic activity and jobless claims continuing to fall. New construction, especially starts, fell…
New daily COVID-19 cases continued to decline as more people were vaccinated. Economic activity continued to recover as more states ease restrictions. New jobless claims declined to their lowest level for the pandemic. Inflation jumped, likely prompting a decline in…
The trend in new daily COVID-19 cases declined again last week, but the vaccination pace slowed as well. In terms of the economy, the jobs recovery lost momentum, but vehicle sales soared. The vehicle market improved upon March’s incredible performance…
The declining trend in new daily COVID-19 cases accelerated this week, but the vaccination pace also slowed. Consumer sentiment improved, and all measures of consumer confidence saw strong gains in April. Economic activity is continuing to pick up. First-quarter GDP…
