U.S. Outlook: Right down the pike — now what?

Scott Anderson
Posted by Scott Anderson
Chief Economist

Like a pitcher who’s on fire, U.S. economic data keeps coming in right across the plate.

graph showing rise and fall of investor confidence in recent years.The August payroll report of +173K jobs with a two-tenths decline in the unemployment rate capped a decent week of U.S. economic data.

For more on this and other developments this week, see my full report. Highlights are outlined below, followed by a link to the full U.S. Outlook report, delivered on Sept. 4.

Key observations:
  • The market volatility has investors on edge, but many have not yet lost hope.
  • Consumers continued to spend aggressively on cars in August as light vehicle sales jumped to 17.7 million, the highest month rate of total sales since July 2005.
  • Could the worst be over? A general global commodity price index, including oil prices, has turned higher after hitting a bottom on August 24th.
  • U.S. economic data and outlook remain supportive of a September initial rate hike.
Click here to read my full report.

Reminder: All comments are moderated prior to publication and must follow our Community Guidelines.

Submit an Idea

[contact-form-7 id="32" title="Share An Idea"]

You are leaving the Bank of the West Change Matters site. Please be aware: The website you are about to enter is not operated by Bank of the West. Bank of the West does not endorse the content of this website and makes no warranty as to the accuracy of content or functionality of this website. The privacy and security policies of the site may differ from those practiced by Bank of the West. To proceed to this website, click OK, or hit Cancel to remain on the Bank of the West Change Matters site.