Category Archives: United States

Comerica Economic Weekly

It was a data-filled week that showed the U.S. economy finished the third quarter with moderate momentum. We expect this momentum to be sustained through the end of the year. Still-extraordinary Federal Reserve Monetary policy pulls all data through the … Continue reading

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September U.S. Employment

 Mildly Disappointing Data Will Quickly Lose Relevancy Payroll Employment increased by 156,000 jobs in September, continuing a slight downward trend. The Unemployment Rate for September ticked up to 5.0 percent. Average Hourly Earnings increased by a moderate 0.2 percent. Average … Continue reading

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September ISM Manufacturing, August Construction Spending

  Firmer Manufacturing Data, Maybe The ISM Manufacturing Index for September increased to an expansive 51.5 percent. Construction Spending decreased by 0.7 percent in August with broad-based declines. The ISM Manufacturing Index for September ticked back up above the break-even … Continue reading

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Comerica Economic Weekly

U.S. economic data released this week are consistent with a modest increase in economic activity through the third quarter. “Modest” is as important of a descriptor as “increase,” as this is still a U.S. economy that is fundamentally challenged in … Continue reading

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August New Home Sales

Sales Dip in August but Trend Looks Good New Home Sales decreased by 7.6 percent in August to a 609,000 unit annual rate. The Dallas Fed Manufacturing Survey improved in September. The worst may be over in the oil patch. … Continue reading

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Comerica Economic Weekly

The big news of the week was the widely expected non-action by the Federal Reserve, keeping the fed funds rate unchanged at the September 20-21 FOMC meeting. Importantly, Janet Yellen, in her post-announcement press conference, reaffirmed her expectation that interest … Continue reading

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August Leading Indicators, Existing Home Sales, September UI Claims

Muddling Along The Conference Board’s Leading Economic Index for August decreased by 0.2 percent. Existing Home Sales for August decreased by 0.9 percent to a 5.33 million unit annual rate. Initial Claims for Unemployment Insurance fell by 8,000 for the … Continue reading

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Comerica Economic Weekly

U.S. economic data leading into the upcoming Federal Open Market Committee meeting next week did nothing to change our view that the Fed will once again leave the fed funds rate unchanged. Fed Governor Lael Brainard had the opportunity to … Continue reading

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Comerica Economic Weekly

It was a light week for data, but Fed commentary is heating up as several Federal Open Market Committee members have recently made public statements. Loretta Mester (Federal Reserve Bank of Cleveland), John Williams (San Francisco), Jeffrey Lacker (Richmond), Esther … Continue reading

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September 2016, Comerica Economic Outlook

Through the second half of August, several Federal Reserve officials suggested that a federal funds interest rate hike may come sooner rather than later. In her speech at the Fed’s annual retreat in Jackson Hole , Wyoming, on August 26, … Continue reading

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