Category Archives: Weekly

Comerica Economic Weekly

U.S. economic data this week was generally positive and consistent with an increase in the pace of real GDP growth in the second quarter, following a weak first quarter. Residential construction data was weaker than expected in April as total … Continue reading

Posted in General, United States, Weekly | Tagged | Comments Off on Comerica Economic Weekly

Comerica Economic Weekly

U.S. economic data this week showed stronger-than-expected inflation in April, ongoing positive labor market indicators, and positive news about U.S. consumers. Overall, the data were consistent with our expectation for improved GDP growth in Q2, after a weak Q1. Upstream … Continue reading

Posted in General, United States, Weekly | Tagged , | Comments Off on Comerica Economic Weekly

Comerica Economic Weekly

It was a busy week for U.S. economic developments, which ended on a good note with the April jobs report. April payroll employment growth bounced back after a weak March, showing a net gain of 211,000 jobs for the month. … Continue reading

Posted in General, United States, Weekly | Tagged , | Comments Off on Comerica Economic Weekly

Comerica Economic Weekly

U.S. data was mixed this week. Q1 GDP growth was tepid, but March new home sales were strong. 2017Q1 real GDP registered a sluggish 0.7 percent annualized growth rate, about as expected. Personal consumption expenditures increased at a very low … Continue reading

Posted in General, United States, Weekly | Tagged , | Comments Off on Comerica Economic Weekly

Comerica Economic Weekly

U.S. data was mixed this week, consistent with our expectation of modest first quarter real GDP growth. We look for about 1.1 percent 2017Q1 real GDP growth when the data is released next Friday. Housing starts dropped by 6.8 percent … Continue reading

Posted in General, United States, Weekly | Tagged , | Comments Off on Comerica Economic Weekly

Comerica Economic Weekly

It has been an active week for economic developments. U.S. economic data was generally positive this week, despite the miss on March payroll employment. We saw some discussion in the minutes of the March Federal Open Market Committee meeting that … Continue reading

Posted in General, United States, Weekly | Tagged , | Comments Off on Comerica Economic Weekly

Comerica Economic Weekly

Expectations for a fed funds rate hike at the upcoming May 2-3 Federal Open Market Committee meeting remain muted. According to the fed funds futures market, the implied probability of a 25 basis point rate hike on May 3 is … Continue reading

Posted in General, United States, Weekly | Tagged , | Comments Off on Comerica Economic Weekly

Comerica Economic Weekly

It was a busy week. A plethora of U.S. economic data was released. The Federal Reserve increased the fed funds rate and other central banks made policy announcements. Politics happened on both sides of the Atlantic. Even with all that, … Continue reading

Posted in General, United States, Weekly | Tagged , | Comments Off on Comerica Economic Weekly

Comerica Economic Weekly

A March 15 fed funds rate hike cleared the last hurdle this morning upon the release of a solid February employment report. The official count of payroll jobs for February showed a net gain of 235,000, consistent with a variety … Continue reading

Posted in General, United States, Weekly | Tagged , | Comments Off on Comerica Economic Weekly

Comerica Economic Weekly

It was early March Madness at the Federal Reserve as team Yellen exerted a full court press to pull interest rate hike expectations forward. They succeeded. Yellen capped a flurry of Fedspeak this week with her speech today saying that … Continue reading

Posted in General, United States, Weekly | Comments Off on Comerica Economic Weekly