Category Archives: Weekly

Comerica Economic Weekly

On Wednesday, the Federal Open Market Committee voted unanimously to increase the fed funds rate to a range of 25 to 50 basis points, launching a new monetary tightening cycle. This was exactly as expected and financial markets appear to … Continue reading

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Comerica Economic Weekly

Economic data leading up to the Federal Open Market Committee meeting of next week was within expected ranges. The most significant data point of the week was the price of oil, which has now dropped to about $36 per barrel … Continue reading

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Comerica Economic Weekly

U.S. payroll job growth for November was a little stronger than expected, coming in at 211,000 net new jobs. The unemployment was unchanged at 5.0 percent and average hourly earnings ticked up by 0.2 percent for the month. The solid … Continue reading

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Comerica Economic Weekly

U.S. economic data released in the middle of November was mixed. However, the Federal Reserve gave a clear signal in the minutes of the October 27-28 FOMC meeting that there is a good chance they will begin raising the fed … Continue reading

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Comerica Economic Weekly

It’s all about the Fed. This week, various Federal Reserve officials, including FOMC Chairwoman Janet Yellen, made non-committal statements bolstering financial market expectations of a December 16th fed funds rate hike. Meanwhile, European Central Bank President Mario Draghi hinted at … Continue reading

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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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