Monthly Archives: December 2013

FOMC Policy Announcement

Fed Announces QE Taper to Begin in January, Funds Rate Guidance Modified The Federal Reserve will begin to taper its asset purchase program in January. Purchases of long-term Treasury Bonds will be reduced from $45 billion per month to $40 … Continue reading

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Comerica Economic Weekly

It was a big week for non-metrical economic data. A federal budget deal is in the works. The House of Representatives voted 332-94 to approve the budget deal proposed by Wisconsin Republican Paul Ryan and Washington Democrat Patty Murray. The … Continue reading

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Better Data Nudge Fed Closer to Taper, A Budget Deal Would Make it Easier

Recent U.S. economic data has generally been stronger than expected. Payroll jobs increased by 203,000 in November, following a 200,000 job gain in October. The separate household employment survey, which took a 735,000 job dive in October because of the … Continue reading

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Comerica Economic Weekly

Better-than-expected economic data is causing financial market jitters as investors ponder the increasing likelihood of a QE taper within the next few months. Payroll jobs increased by 203,000 in November, following a 200,000 job gain in October. The unemployment rate … Continue reading

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November U.S. Employment, October Personal Income

One Step Closer to QE Taper, Last Hurdle Is a Budget Deal  The November Payroll Employment Survey showed a solid gain of 203,000 jobs. The November Household Survey of Employment recovered from its October swoon, adding 818,000 jobs. The Unemployment … Continue reading

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Nov. ADP Employment, ISM Indexes, Auto Sales, New Home Sales, Oct. Trade

Better Economic Data for Fed to Contemplate The ADP Employment Report for November showed an increase of 215,000 private sector jobs. The November ISM Manufacturing Survey PMI improved to a solid 57.3 percent. The November ISM Non-Manufacturing Survey’s Purchasing Managers’ … Continue reading

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Comerica Bank’s California Index Gains in September

Comerica Bank’s California Economic Activity Index improved in September, increasing 0.5 percentage points to a level of 105.5. September’s reading is 33 points, or 45 percent, above the index cyclical low of 72.7. The index averaged 101 points for all … Continue reading

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Comerica Bank’s Texas Index Advances in September

Comerica Bank’s Texas Economic Activity Index grew 1.9 percentage points in September to a level of 104.8. The September reading is 33 points, or 46 percent, above the index cyclical low of 71.6. The index averaged 102 points for all … Continue reading

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Comerica Bank’s Florida Index Improves in September

Comerica Bank’s Florida Economic Activity Index increased 0.2 percentage points in September, to a level of 113.3. September’s index reading is 33 points, or 41 percent, above the index cyclical low of 80.6. The index averaged 105 in 2012, 10 … Continue reading

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Comerica Bank’s Arizona Index Grows in September

Comerica Bank’s Arizona Economic Activity Index showed modest gains in September, increasing 0.1 percentage points to a level of 95.3. September’s index reading is 24 points, or 34 percent, above the index cyclical low of 71.3. The index averaged 87.2 … Continue reading

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