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Weekly Economic Update for September 24, 2018

Weekly Economic Update for September 24, 2018


September 24, 2018

BLUE CHIPS HIT A 2018 HIGH

On Thursday, the Dow Jones Industrial Average saw its best close since January. Friday took the index even higher, to another record settlement of 26,743.50. That capped a 2.25% weekly advance. The Dow was not the only major benchmark shattering records last week.

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Weekly Economic Update for September 17, 2018

Weekly Economic Update for September 17, 2018


September 17, 2018

CONSUMER SENTIMENT EXCEEDS EXPECTATIONS

In its initial September edition, the University of Michigan’s monthly consumer sentiment index rose 4.6 points to 100.8, a 6-month high. Economists polled by Bloomberg had forecast a reading of 96.6. Fifty-six percent of households responding to the survey said that they had made recent financial gains; the all-time high for the survey is 57%, recorded in both March 2018 and February 1998.

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Weekly Economic Update for September 10, 2018

Weekly Economic Update for September 10, 2018


September 10, 2018

LATEST JOBS REPORT cONFIRMS WAGE GROWTH IS ACCELERATING

According to the Department of Labor’s newest employment report, average pay for U.S. private sector workers improved 2.9% in the 12 months ending in August. That is the best annualized wage boost since the end of the Great Recession in 2009 and an improvement from 2.7% in July.

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Weekly Economic Update for September 3, 2018

Weekly Economic Update for September 3, 2018


September 3, 2018

OPTIMISM REIGNS ON MAIN STREET

In August, the Conference Board’s respected consumer confidence index made a remarkable leap, rising 5.5 points to 133.4. This was its highest reading in almost 18 years. (Economists surveyed by Briefing.com forecast an August reading of 126.5.) The University of Michigan’s consumer sentiment index also improved in its final August edition, ending the month at a mark of 96.2, 0.9 points above its preliminary reading.

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