Build Back Better Act Passes House…The U.S. House of Representatives passed the $1.85 trillion reconciliation bill, which now goes to the Senate. What it means— Representatives held off on voting ...
Week In Review – November 23 2021
Retail Sales Increase 1.7%...Consumer spending remains strong even as stimulus effects fade. What it means— There’s no doubt that consumers are still ordering goods with abandon, as is evidenced by ...
Week In Review – November 2 2021
GDP Growth Slowed to 2% in Third Quarter… After expanding at a 6.7% annualized rate in the second quarter, GDP growth slowed dramatically. What it means— The actual number split the difference ...
Week In Review – October 26 2021
Industrial Production Down 1.3%… Factory, mining, and utility production fell in September, missing the consensus estimate for a 0.2% gain. What it means — The decline marked the biggest drop since ...
Week In Review – August 30 2021
Investors Study Fed Comments at Central Bank Symposium… Fed Chair Jay Powell made the opening comments at the event, which in the past has served as the venue for announcing major policy ...