- Economic data on the week was focused on several housing reports, which came in better than expected; however, the much broader index of leading economic indicators fell backward a bit.
- Global equity markets responded positively to news of possible (European Central Bank) and actual (China) additional quantitative easing measures designed to spur sluggish economic growth.
- Economic data for the week was generally lackluster, seen in retail sales and several manufacturing surveys. Inflation came in quite tempered, on par with recent months and expectations.
- Equity markets gained on interpretations of weak data meaning the Fed may keep raising interest rates at bay; bonds performed well with rates falling. Crude oil declined o
- Economic data for the week was highlighted by weaker durable goods orders and mixed but a bit better data on the housing side, while 2nd quarter GDP was revised higher.
- Equity markets experienced a negative week globally, which continues the fall seasonal pattern of higher volatility. Bonds were mixed with interest rates rising slightly on the week.
- The week was highlighted by the Fed’s decision to keep interest rates at zero for yet another meeting, despite growing expectations for an increase. Retail sales results were stronger, as did jobless claims, but several regional manufacturing surveys came in weak. CPI was little changed, as expected, and remained at low levels.
- Large-cap U.S.
Well, this FOMC meeting was the big one, or at least had the potential to be. But, again, investors hoping for higher rates were disappointed—the Fed kept rates as they are for now. In recent weeks, the probability of the Fed raising rates for the first time in a decade became less and less likely as the global (particularly Chinese) economic situation deteriorated,
- In a relatively light week for economic data, producer prices came in flattish, on par with tempered inflation trends, while some sentiment data weakened a bit, as expected due to market volatility recently. Labor measures, including JOLTs and jobless claims, continued to show improvement to the point of looking ‘normal.’
- Volatility continued to