Tag Archives: u.s.

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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Comerica Economic Weekly

This week’s economic news was dominated by the March 15-16 FOMC meeting, where the Fed decided, as expected, to leave the fed funds rate unchanged. Little forward guidance came from the Fed’s policy announcement or from Janet Yellen’s press conference. … Continue reading

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Comerica Economic Weekly

Super Mario Draghi, President of the European Central Bank, announced a mix of actions by the ECB that are designed to boost credit availability and financial market liquidity in the European Union. Draghi’s bazooka, as it was called in the … Continue reading

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March 2016, Comerica U.S. Economic Update

The quality of U.S. economic data has shifted in recent weeks from being generally a little worse than expected to being generally a little better than expected. The February payroll data showed a strong 242,000 jobs added to the U.S. … Continue reading

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Comerica Economic Weekly

It feels like U.S. economic data is changing from a little worse than expected since the start of the year, to a little better than expected as we finish up the first quarter. We reflect this in our lower odds … Continue reading

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Comerica Economic Weekly

U.S. data released at the end of February were mixed, but the week ended on a positive note with a better-than-expected revision for 2015Q4 GDP and good income numbers for January. Real GDP for the fourth quarter of last year … Continue reading

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