Category Archives: United States

Comerica Economic Weekly

It was an important week for monetary policy, with the Federal Open Market Committee issuing a policy statement on Wednesday afternoon. The FOMC statement of January 28 reaffirmed our expectations set by the Fed’s December communications. The Fed maintained its … Continue reading

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2014Q4 GDP, January UI Claims

Fourth Quarter Real GDP Growth Eased to 2.6 Percent Real Gross Domestic Product growth for 2014Q4 eased to 2.6 percent after 5 percent growth in Q3. Inventories were stronger than expected, setting the stage for weaker gains in 2015Q1. Real … Continue reading

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January Consumer Confidence, December Home Sales, Durable Goods, November House Prices

Mostly Positive Data for FOMC to Ponder, Policy Announcement Due Tomorrow New Home Sales for December increased by 11.6 percent to an annual rate of 481,000 units. December Existing Home Sales gained4 percent, to a 5,040,000 unit annual rate. New … Continue reading

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Comerica Economic Weekly

U.S. data from the middle of January reminds us that there is still uncertainty associated with economic metrics, even within the context of a generally favorable U.S. outlook. The Swiss National Bank added to global uncertainty as they released their … Continue reading

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January 2015, Comerica U.S. Economic Update

U.S. Economy Set for Growth in 2015, Shifting Regional Patterns U.S. economic data at year-end 2014 was strong and we expect that momentum to carry over into 2015. In December, 252,000 payroll jobs were added, and the already strong October … Continue reading

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Comerica Economic Weekly

U.S. economic data from year-end 2014 continues to impress, setting the stage for solid momentum in 2015. U.S. job creation remains strong in December as 252,000 payroll jobs were added on a net basis. Moreover, the already strong October and … Continue reading

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December 2014 U.S. Employment

Another Strong Month for Job Creation, Unemployment Rate Falls to 5.6 Percent The December Payroll Employment Survey showed a gain of 252,000 payroll jobs. The Unemployment Rate for December dropped to 5.6 percent. Average Weekly Hours for all employees were … Continue reading

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January Rig Count, December ADP Employment, ISM Non-MF Index, Auto Sales, November Trade

U.S. Economy Finishes 2014 Strong, Oil Prices and Rig Count Still Sliding The December ADP Employment Report showed a strong gain of 241,000 private-sector jobs. The ISM Non-Manufacturing Index for December eased to a still-positive 56.2. Light Vehicle Sales for … Continue reading

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November Home Sales, Income and Spending, Durable Goods Orders, Q3 GDP

Naughty and Nice, Home Sales Stutter but GDP Roars Ahead New Home Sales for November declined by 1.6 percent to an annual rate of just 438,000 units. November Existing Home Sales fell by 6.1 percent, to a 4,930,000 unit annual … Continue reading

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Comerica Economic Weekly

We approach the end of the year with the price of oil, the health of the Russian economy and the Federal Reserve as hot topics this week. WTI crude oil traded in a range of about $54 to $58 per … Continue reading

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