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Wealth Management News & Resources

Weekly Economic Update for January 29, 2018

Weekly Economic Update for January 29, 2018


THE ECONOMY EXPANDED 2.6% IN Q4
The Department of Commerce’s first estimate of fourth-quarter gross domestic product was 0.6% below the Q3 number, but still well above the 2.1% rate the nation has averaged in the recovery from the Great Recession.

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Weekly Economic Update for January 22, 2018

Weekly Economic Update for January 22, 2018


CONSUMER SENTIMENT READING COOLS
The initial January University of Michigan consumer sentiment index came in at 94.4 last week, 1.5 points beneath its final reading of 2017 and 4.1 points under its level of one year ago. Without prompting, 34% of respondents to the latest UMich survey brought up the subject of the recent federal tax reforms; 70% of them felt the reforms would have a positive effect on their lives; 18%, a negative effect.1

WINTER WEAKENS HOUSING STARTS
New Census Bureau data shows groundbreaking decreased 8.2% in December after a (revised) 3.0% November gain.

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Weekly Economic Update for January 15, 2018

Weekly Economic Update for January 15, 2018


LOW UNEMPLOYMENT, BUT LESS HIRING
The Department of Labor’s latest jobs report announced a headline unemployment rate of only 4.1% in December, but it also showed companies adding just 148,000 net new workers last month. Even so, net payroll growth averaged 204,000 during the last three months.

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