By Tom Burnett CFA On October 19, 2021, SIFMA (Securities Industry and Financial Markets Association) released its third quarter report on the overall structure of the global securities industry. The report has two main sections-equities and fixed income. We summarize several highlights from the…
By Tom Burnett CFA On October 13, 2021, the Bureau of Labor Statistics released its summary of consumer price inflation for the month of September. The overall increase was 0.4%, up from 0.3% in August, but down from the 0.5% increase in July. Over the last 12 months, the CPI has increased by 5.4%…
By Tom Burnett CFA On October 12, 2021, The International Monetary Fund (“IMF”) released its updated projection for world economic growth. The IMF issues these projections in July and October of each year. In the latest report, the IMF projects global GDP growth of 5.9% in 2021 and 4.9% in 2022.…
By Tom Burnett CFA On October 8, 2021, the Bureau of Labor Statistics announced the employment situation for September. Jobs grew by 194,000 and the unemployment rate fell from 5.2% to 4.8%. The weakest sector was public education where confusion over mask mandates and vaccination requirements has clouded…
By Tom Burnett CFA On September 22, 2021, the Federal Reserve issued its monthly policy Statement. Along with the formal Statement, the Fed released its updated set of economic projections for the next two years. While the Fed is not explicitly changing any benchmark indicators, the Statement does suggest…