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

Posted By Scott Anderson In Economic Outlook | No Comments

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. [1]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. [2]

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URL to article: https://changematters.bankofthewest.com/2015/09/04/u-s-outlook-right-down-the-pike-now-what/

URLs in this post:

[1] Image: http://blog.bankofthewest.com/wp-content/uploads/2015/09/graph_investorconfidence_090415.jpg

[2] Click here to read my full report.: http://blog.bankofthewest.com/wp-content/uploads/2015/09/BankoftheWest_USOutlook_09_04_15.pdf

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