Bouchey Blog
Although coming in slightly below market expectations, the jobs report for October was one of the better reports we have seen this year. Economists expected 175,000 jobs created versus the 161,000 actual number for the month. However, wages were expected to growth 0.3% for the month and these grew 0.4% with year-over-year growth of 2.8%…
The Commerce Department released their initial estimate of GDP for the Third Quarter this morning, and it exceeded market expectations. Gross Domestic Product grew at an annual rate of 2.9% in the Third Quarter, which was the strongest quarterly gain since 2014 and follows 1.4% growth in Q2. Market economists expected growth to come in…
As we mentioned in our recent quarterly newsletter, we believe there is a low probability of recession as we head into 2017 due to the strengthening labor market, and more specifically, increasing wages. This is important as increasing wages are supportive of consumer spending, which accounts for almost 70% of U.S. GDP. However, we are…
Written by: Ryan Bouchey It wasn’t long ago that we were listening to the keynote speaker at Schwab Impact, a yearly trip we make to learn more about our ever changing industry and speak with investment managers from around the world. The keynote speaker in 2012 was former Secretary of Defense, Robert Gates. It was…
The September jobs report was very similar to August, coming in slightly below expectations. The U.S. economy produced another month of over 100,000 jobs, a level the Federal Reserve believes will help maintain economic growth and low unemployment. There were 156,000 jobs created in September, which was below economists’ expectations of 170,000 jobs. Both the…
This was a busy week for two major central banks, as The Federal Reserve and Bank of Japan maintained their accommodative monetary policies. As a result, equity markets moved higher, reversing the negative momentum we saw earlier this month. The Federal Reserve voted to hold interest rates steady despite positive remarks from Janet Yellen regarding…
Despite coming in slightly below expectations, the U.S. economy produced another month of over 100,000 jobs, a level the Federal Reserve believes will help maintain economic growth and low unemployment. There were 151,000 jobs created in August, which was below economists’ expectations of 180,000 jobs. The Unemployment Rate and Participation Rate remained unchanged, coming in…