Bouchey Blog
Last week the Federal Reserve voted to raise their benchmark rate by 0.25%, moving from .5% to 0.75%. This was third rate hike in a little more than a year, and the second since December 2016. The last time the Fed raised rates at consecutive quarterly meetings was back in 2006, when they increased rates…
The labor market picked up in the first full month of the new administration. Economists expected an increase of 197,000 jobs for the month, while the Department of Labor reported an increase of 235,000 jobs. Gains were seen across most categories, with retail suffering the only decline for the month. The construction sector experienced a…
Bouchey Financial Group was honored to host close to 250 clients over two nights for our annual State of the Economy presentation. This years emphasis was on the lessons we learned as investors in 2016, as well as the “Year of Transition” heading into 2017. With the new Trump administration taking over and the markets…
The labor market began 2017 with mixed results, with positive results coming in the top line number as the U.S. economy created 227,000 jobs for the month. This was well above the consensus estimate of 174,000 jobs, although data for prior months were revised lower by a total of 39,000 jobs mainly due to November’s…
Today is an historic day, as Donald Trump will be inaugurated as the 45th President of the United States. Since winning in surprising fashion this past November, Mr. Trump has released policies that may have positive implications for both the U.S. economy and equity markets. This propelled equity markets to all-time highs, with the Dow…
The labor market ended 2016 on a positive note, as the U.S. economy created 156,000 jobs for the month of December. Although this was below the consensus estimate, data for prior months were revised higher by a total of 19,000 jobs with November job growth coming in above the 200,000 level. The unemployment rate increased…
As expected, the Federal Reserve voted unanimously last week to raise their benchmark rate by one-quarter point, as the committee believes that the economy is strong enough to withstand tighter monetary policy. This was the first rate increase in 12 months, and only the second rate increase since 2006. There were no major surprises in…