Tag Archives: u.s.

Comerica Economic Weekly

Global equity markets rallied today after European Central Bank President Mario Draghi strongly hinted that the ECB would ramp up its asset purchase program as early as March. Draghi said yesterday that “there are no limits to how far we … Continue reading

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Comerica Economic Weekly

The U.S. economic data stream so far in January has been rocky with the notable exception of the strong December jobs report. Today we see big losses in U.S. equity markets and oil prices below $30 per barrel. The Federal … Continue reading

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January 2016, Comerica U.S. Economic Update

We begin 2016 with expectations of ongoing moderate growth for the U.S. economy. Real GDP growth steps down from 2.4 percent in 2015, to about 2.1 percent for all of 2016. Strong job growth, low gasoline prices, easier mortgage credit, … Continue reading

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Comerica Economic Weekly

Economic data from the first week of 2016 was mixed, but ended on a high note with a very strong jobs report for December. China dominated financial market news as weak manufacturing data there contributed to a selloff in Chinese … Continue reading

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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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December 2015, Comerica U.S. Economic Update

Janet Yellen’s speech of September 24 articulated her views on inflation, concluding that below-2-percent inflation was attributable to special factors that would prove transitory. We assume that she still has that view. Even with oil prices now below $40 per … 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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November 2015, Comerica U.S. Economic Update

After two weaker-than-expected payroll job gains in August and September, job growth bounced back in October, with payrolls up a robust 271,000 for the month. The disappointing August and September payrolls total were also revised up by 12,000 jobs, not … Continue reading

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