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Economic Commentary – March 10, 2025

It is a measure of how worried investors are about economic growth when Fed Chairman Powell pushes the equity markets UP by signaling no that interest rate cuts are coming

Economic Commentary – March 3, 2025

The data keeps piling up on the side of economic caution and weakness for this first quarter of 2025. Retail sales, residential real estate (including home improvement), consumer spending (including

Economic Commentary – February 24, 2025

Was last Friday’s US Purchasing Managers Index for Services the proverbial shot across the bow? It was certainly an attention-grabber, coming in below expectations and indicating the first monthly contraction

Economic Commentary – February 18, 2025

It is more than a bit unusual, in an economy growing almost 3% and an unemployment rate at 4%, to suddenly see so many Google (and ChatGPT) searches on the

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.