On October 4, 2019, the Bureau of Labor Statistics reported the Employment situation for the month of September. The increase in private, non-farm employment was 136,000 in line with most analyst expectations. The July and August figures were revised upwards by 45,000 so the three-month increase exceeded…
The September 27 Fact Set Earnings Insight model is flashing a ‘soft’ warning signal about the growth expectations for 2019 and 2020 earnings. The latest consensus figures show 2019 growth of 1.9% to 164.52 with 2020 growth forecast to exceed 10.4% at a final figure of 181.66. Both of these estimates…
On September 26, 2019, The Bureau of Economic Analysis released its final estimate for second quarter US GDP annual growth. The rate is 2.0%, down from 3.1% in the first quarter. The Personal Consumption price index increased at an annual rate of 2.4% in the quarter, compared to an increase…
On Thursday, September 19, 2019, the OECD (Organization for Economic Cooperation and Development) issued its fall report on global economic growth prospects. The forecast is discouraging, as the China-U.S. trade dispute spills over to other regions and countries. It now expects global economic growth…
On September 18, 2019, the Federal Reserve Open Market Committee voted to cut the fed funds rate one quarter of a point to a range of 1.75-2.00%. The vote was 7-3, with one governor voting to cut by one-half of a point and others voting to keep rates unchanged. In addition, the Fed released its...