Category Archives: Weekly

Comerica Economic Weekly

Since we had the holiday week last week, we will cover two weeks’ worth of U.S. economic data, which has been generally favorable. Expectations for the official payroll job numbers for November were boosted by a stronger-than-expected ADP Employment Report, … Continue reading

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Comerica Economic Weekly

U.S. economic data released in mid-November has been generally positive and consistent with growing expectations of a fed funds rate increase on December 14. In her prepared remarks for the congressional Joint Economic Committee, FOMC chair Janet Yellen said today … Continue reading

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Comerica Economic Weekly

It was a light week for economic data, but a tremendously weighty week for political events. The widespread expectation, supported by the majority of polling institutions, that Hillary Clinton would become the first female president of the United States, gave … Continue reading

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Comerica Economic Weekly

U.S. economic data for the week fell reasonably close to expectations and did not alter our view of a fed funds rate hike on December 14. U.S. nonfarm payrolls increased by a net 161,000 jobs in October, a little shy … Continue reading

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Comerica Economic Weekly

U.S. economic data through the end of October was reasonably positive. We got our first estimate of third quarter real GDP growth this morning, and it came in about as expected, at a 2.9 percent annualized growth rate. A key … Continue reading

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Comerica Economic Weekly

U.S. economic data this week was consistent with our expectation for ongoing moderate economic growth through the third quarter. We will see if that actually happened when the first estimate of Q3 GDP is released next Friday morning, October 28. … Continue reading

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Comerica Economic Weekly

The fourth quarter of 2016 started with no big surprises from U.S. economic data. We expect to see a moderate uptick in U.S. real GDP growth in the third and fourth quarter, following weak gains through the first half of … Continue reading

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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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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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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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