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Economic Commentary – February 10, 2025

The most notable number for this week is the number from Friday of last week— but NOT the nonfarm payrolls number, despite its importance. The Michigan Survey of Consumer Confidence

Economic Commentary – January 27, 2025

This week, the Federal Open Market Committee meeting is expected to introduce a new monetary policy concept: The Pause. Of course, there is no such theory called “The Pause,” and

Economic Commentary – January 21, 2025

Some of you will remember the famous quote from the film “Apocalypse Now”: “I love the smell of napalm in the morning.” You can be forgiven for thinking this might

Economic Commentary – January 13, 2025

It should be a doozy of a week.  Financial markets are continuing to digest the extremely strong US nonfarm employment numbers from Friday while contemplating the release of a full

Economic Commentary – January 6, 2025

Happy New Year. More so than most times, this “New” seems very new. Over the last 25 years, there have been only five two-year periods in which the US Congress

Economic Commentary – December 16, 2024

Economic data descends upon us this week, like big, fat, fluffy snowflakes. Each piece of data is different but collectively details the landscape, possibly even making for a snowball fight.

Economic Commentary – December 9, 2024

With few immediate concerns about the pace of economic growth —last week’s robust nonfarm payroll growth of 227,000 and an upbeat report from the National Retail Federation quite effectively set

Economic Commentary – December 2, 2024

We enter this week into that slightly unreal month where the year seems mostly done, but the next year hasn’t started — an uncomfortable limbo papered over with parties and

Economic Commentary – November 25, 2024

First of all, Happy Thanksgiving. This is a time to reflect upon all the opportunities and challenges that have come our way and to be thankful for our ability to

Economic Commentary – November 18, 2024

A dearth of important economic news combined with the growing gravitational pull of Thanksgiving and end-of-year holiday planning — Why isn’t Thanksgiving this week? Is it still 2024?— will continue