Category Archives: Weekly

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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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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Comerica Economic Weekly

It was a heavy week for U.S. data releases. Key metrics were softer than expected, pulling down the odds of a September 21 fed funds rate hike. The August jobs report left something to be desired as it showed that … Continue reading

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Comerica Economic Weekly

It was a fairly light week for data, but a heavy week for Fed-watching as the Federal Reserve Bank of Kansas City hosted their annual retreat in Jackson Hole, Wyoming, yesterday and today. This morning, Janet Yellen delivered a speech   … Continue reading

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