Category Archives: Weekly

Comerica Economic Weekly

It was a light week for U.S. economic data, but three data releases all reinforced our view that the weaker-than-expected March jobs report, with just 126,000 net new jobs added, was a normal abnormality, and does not represent the start … Continue reading

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Comerica Economic Weekly

This week’s U.S. data releases were mixed. Good news came from auto sales and unemployment insurance claims. Bad news came from a weaker-than-expected March jobs report. In March, just 126,000 net new payroll jobs were added to the U.S. economy, … Continue reading

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Comerica Economic Weekly

It was a good news/bad news story at the end of March, providing us with cause for optimism and also cause for caution. Good news came from new home sales. One month does not make a trend, but February new … Continue reading

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Comerica Economic Weekly

This week’s U.S. economic news was dominated by the Federal Reserve and their monetary policy announcement of March 18. As expected, the FOMC removed the word “patient” from their forward guidance on interest rates. FOMC chairwoman Janet Yellen, in her … Continue reading

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Comerica Economic Weekly

U.S. data from the second week of March were disharmonious with the strong February employment data of the week before. Weather, oil prices, the strong dollar, the roll out of the Affordable Care Act, amongst other factors, are retuning parts … Continue reading

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Comerica Economic Weekly

U.S. economic data from first week of March was generally positive and consistent with an ongoing expansion through the first quarter of the year. The impressive February jobs numbers focused attention back on the Federal Reserve. Despite bad weather, 295,000 … Continue reading

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Comerica Economic Weekly

U.S. economic data from the end of February are consistent with an economy that expanded through the winter, but at a slower rate than we saw through the middle of last year. Fourth quarter real GDP growth was revised down … Continue reading

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Comerica Economic Weekly

The short week produced mixed U.S. data. Signs continue to point to a weak, but positive, GDP reading for the first quarter of 2015. Even though the GDP data is seasonally adjusted, we have had a spate of weak Q1 … Continue reading

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Comerica Economic Weekly

It was a light week for U.S. data, dominated by a weak retail sales report. Retail sales this winter sagged under the weight of falling gasoline prices, but that is not all to the story. Even non-gasoline sales have been … Continue reading

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Comerica Economic Weekly

U.S. economic data released in the first week of February was mixed, but capped by a strong jobs report. Payroll job growth in January registered a stronger-than-expected 257,000 jobs. The unemployment rate ticked up inconsequentially to 5.7 percent in January. … Continue reading

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