Category Archives: Weekly

Comerica Economic Weekly

U.S. economic data released in the first week of November reinforced our view that the household sector is strengthening and will keep the overall economy expanding at a moderate rate into 2016 despite the drag from a consolidating energy sector … Continue reading

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Comerica Economic Weekly

The Federal Open Market Committee voted Wednesday to leave the fed funds rate unchanged, continuing near-zero interest rate policy at least until December 16. The Fed’s assessment of economic conditions was tweaked, saying that household spending and business fixed investment … Continue reading

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Comerica Economic Weekly

This week’s U.S. data showed improving housing market conditions, strong labor demand but a weak leading economic index. News from China and Europe figures in our U.S. analysis as global central bank easing continues. Today, the People’s Bank of China … Continue reading

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Comerica Economic Weekly

The Federal Reserve appears to be pivoting away from its repeatedly expressed intention to raise the fed funds rate this year. Labor data remains positive. Initial claims for unemployment insurance fell by 7,000 for the week ending October 10, to … Continue reading

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Comerica Economic Weekly

The minutes of the Federal Open Market Committee’s September 16-17 meeting dominated U.S. economic releases this week. The minutes show an active discussion filled with concerns over inflation and international issues, including the health of the Chinese economy. Importantly, the … Continue reading

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Comerica Economic Weekly

The drama continues as weaker-than-expected employment data for September challenge the Federal Reserve’s new-found conviction to raise interest rates this year. Yesterday, San Francisco Federal Reserve Bank President John Williams joined a chorus of FOMC officials in saying that he … Continue reading

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Comerica Economic Weekly

Following last week’s non-action from the Federal Open Market Committee on interest rates, this week we saw a strong effort by FOMC members to provide some clarity after murky forward guidance on September 17. Several FOMC members have made statements … Continue reading

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Comerica Economic Weekly

Now that we are on the back side of Labor Day, nearly all economic and financial market data and commentary is being analyzed through the prism of the upcoming Federal Open Market Committee meeting over next Wednesday and Thursday, September … Continue reading

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Comerica Economic Weekly

U.S. economic data through the end of summer was consistent with an ongoing moderate GDP expansion. That said, we do expect to see some giveback from the strong 3.7 percent real GDP growth that is now reported for the second … Continue reading

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Comerica Economic Weekly

U.S. economic data from late summer has been largely positive. However, global financial markets have exhibited a high degree of volatility and this creates the potential for an adverse feedback loop back to the U.S. economy. The global stock market … Continue reading

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