Category Archives: Macro/Sector News

Jerome Powell Maintains Optimistic Outlook

During an address to business economists in Boston on Tuesday, Federal Reserve Chairman Jerome Powell reiterated projections for sustained economic growth while maintaining a low unemployment rate and hitting an inflation target of approximately 2% without far exceeding it. Powell … Continue reading

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Treasury Yields Hit New High

Treasury yields hit a new high on Friday suggesting growing investor confidence and optimism in overall global economic outlook. The 10 year Treasury yield reached 3.23%, its 7 year high and largest increase in a single week since February, totalling … Continue reading

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U.S. Consumer Confidence Brightens

U.S. consumer sentiment, published by University of Michigan survey every month, is at 100.8 – one of the highest number recorded in recent years, representative of a 6.0% year over year change. An index number of 100 represents the conditions … Continue reading

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Senate Passes Tax Reform Bill

In a vote that went down to the wire (51-49),  Senate Republicans managed to muster up enough support to get the Tax Reform Bill passed. This controversial proposal will be the biggest tax overhaul the country has seen in decades, … Continue reading

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The Economy Is Humming, but Businesses Aren’t Borrowing

The rate of 12 month loan growth at U.S. banks in the third quarter hit its lowest level since the end of 2013. This marks the sixth consecutive quarter of decline for this measure of loan growth. The growth rate … Continue reading

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Inflation Worries as December Rate Hike Approaches

The Federal Reserve plans to stay on track to increase short-term interest rates however, inflation remains persistently weak. The last rate increase occurred in June from 1% to 1.25%. Inflation is expected to remain below the 2% annual target which … Continue reading

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Oil Climbs on OPEC Expectations

Oil prices gain on Friday after nearly a week of losses, based on signs that Saudi Arabia plans to support an extension on OPEC’s deal to continue cutting global production. Crude rose $1.41 or 2.6% to $56.55 a barrel on … Continue reading

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