Tag Archives: economy

From the Desk of Robert Dye

Tactical Versus Strategic Thinking at the Fed Last Monday I wrote that the Fed still has work to do in order to set monetary policy expectations for the second half of this year. This week, various Fed officials, including FOMC … Continue reading

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From the Desk of Robert Dye

Along with the highly anticipated monetary policy statement of March 15, when the Federal Reserve announced that they were increasing interest rates for the third time in this tightening cycle, the Federal Open Market Committee also issued an updated “dot … Continue reading

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From the Desk of Robert Dye

This morning at the annual Federal Reserve retreat at Jackson Hole, Wyoming, FOMC Chairwoman Janet Yellen delivered a speech titled “The Federal Reserve’s Monetary Policy Toolkit: Past, Present and Future.” The bulk of the speech was focused on possible tools … Continue reading

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From the Desk of Robert Dye

Taking Auto Sales Out for a Test Drive Data from the Bureau of Economic Analysis shows that U.S. light vehicles sales bottomed out in the Great Recession in February 2009, at a 9.0 million unit sales rate. Auto sales have … Continue reading

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From the Desk of Robert Dye

Things Are (not so) Great Even before The Great Recession, things were getting really great. Economists had already coined the term “The Great Moderation” to describe the recent tendency of U.S. business cycles toward longer expansions. This is clearly evident … Continue reading

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From the Desk of Robert Dye

Negative Interest Rates We had a timely question from a client today about negative interest rates. I hope that my answer may be beneficial for others as well. Q – Do you think the Fed will ever implement negative interest … Continue reading

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From the Desk of Robert Dye

Brexit Highlights Europe as a Source of Uncertainty in 2016 On June 23 the United Kingdom will vote on whether to stay in the European Union, or to leave. If the vote is to leave the EU, that does not … Continue reading

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From the Desk of Robert Dye

The solid gains in equity prices through mid-2015 are evaporating. Gold prices are up. Oil prices are down. The yield on the 10-Year Treasury B bond is down to 1.63 percent, within striking distance of the mid-2012 lows. Financial markets … 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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