Tag Archives: u.s.

Comerica Economic Weekly

We had several U.S. economic data points released this week, but the big news came from a source that is often just background information: the minutes of the Federal Open Market Committee. In the minutes of the FOMC meeting of … Continue reading

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Comerica Economic Weekly

U.S. economic data through mid-May remained consistent with an economy that is expanding while it feels the pressures of low oil prices and increasing oil prices at the same time. Retail sales increased in April by 1.3 percent, the strongest … Continue reading

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May 2016, Comerica U.S. Economic Update

When you are flying close to the treetops, you have to watch out for the downdrafts. Clearly the U.S. economy was flying close to the treetops in the first quarter of this year. Real GDP growth registered a weak 0.5 … Continue reading

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Comerica Economic Weekly

Despite the miss on the April payroll jobs numbers, U.S. economic data this week remained consistent with our expectation for a modest-to-moderate pick up in second quarter GDP growth after a weak first quarter. April’s net payroll job gains of … Continue reading

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Comerica Economic Weekly

As we close out first quarter U.S. data releases it has become obvious that the U.S. economy lost significant momentum over the winter. First quarter 2016 real GDP growth was a weak 0.5 percent annualized growth. On a quarter-over-quarter basis, … Continue reading

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Comerica Economic Weekly

U.S. economic data released this week from the end of the first quarter was consistent with our expectation of anemic Q1 growth, followed by improving conditions in the current quarter and beyond. Let’s start with the good news first. The … Continue reading

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Comerica Economic Weekly

It was a fairly light week for U.S. economic data. Economic news was dominated by oil prices, Fedspeak and the dollar. This was not a spurious relationship. The three are closely linked. Let’s start with oil. U.S. oil prices respond … Continue reading

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April 2016, Comerica U.S. Economic Update

We expect to see another sub-par GDP report for the recently completed first quarter of 2016 when the first estimate of Q1 GDP growth is released on April 28. Consumer spending has been stable, but uninspired. Business investment has been … Continue reading

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Comerica Economic Weekly

U.S. economic data at the start of the second quarter is looking good. Labor data for March was solid. Payroll employment increased by 215,000 jobs for the month, a little stronger than expected. Despite the strong job gains the unemployment … Continue reading

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Comerica Economic Weekly

March has been a better month for U.S. financial markets. Equity markets have now largely clawed back their January and early February losses. Long-term bond yields have increased, but not by as much as they would have without the downward … Continue reading

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