IN THIS ISSUE: Has the Economy Really Turned the Corner? Bloomberg Survey Finds More People Unhappy Fed "Beige Book" Shows Modest Recovery Consumer Lending Continues to Shrink Conclusions - Outlook is Still Very Uncertain Introduction The economy clearly rebounded in the 3Q, although many problems...
IN THIS ISSUE: Overview of Recent US Economic Trends Snapshot of the Latest Economic Data Fed's "Beige Book" Sees Modest Improvement Unemployment: The 800-Pound Gorilla in the Room Conclusions - Storm Clouds on the Horizon Eyes around the world are intently focused on this Thursday's...
Economics This Week’s Data The Fed released its latest Beige Book yesterday afternoon. While there remained a good deal of cautionary language, the Fed acknowledged that the data did suggest that the recession was nearing its end. Indeed, four of the twelve Fed bank regions showed an increase in...
IN THIS ISSUE: The Latest Economic Reports -- Mostly Negative Latest Wall Street Journal Survey of Economists Fed's Latest "Beige Book" Outlook is Bleak Conclusions -- What To Believe? Introduction We have clients calling us every day to ask if we believe the economy and the stock markets...
This Week’s Data Third quarter productivity improved 1.3% versus expectations of an increase of 1.0% while unit labor costs rose 2.8% versus estimates of being up 3.1%. These numbers reflect that hours worked are declining faster than the fall in output. The good news is that management is watching...