Author: Scott Anderson

A Happy Holiday For Retailers?

Scott Anderson
Chief Economist

A resurgence in coronavirus cases across nearly all states and the weaker-than-expected October retail sales report released earlier this week puts the strength of the upcoming holiday shopping season in doubt.

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Treasury Market Volatility Returns

Scott Anderson
Chief Economist

The 10-year Treasury note yield – which is a benchmark for long-term interest rates, including the popular 30-year fixed rate mortgage – was extremely volatile leading up to and following the elections on November 3rd. Now that most of the votes have been tallied, we thought now was an good time to look at what drove the intense volatility of longer-term Treasury rates and what it might tell us, or not tell us, about future interest rates moves.

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Another Better Than Expected Jobs Report For October

Scott Anderson
Chief Economist

The U.S. labor market recovery continued in October at a fairly rapid clip, though the pace of net job creation slowed for the fourth consecutive month to a gain of 638k jobs down from a 672k gain in September.

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Consumers Keep Spending Going Into The Holidays

Scott Anderson
Chief Economist

The September consumer spending and income report exceeded economists’ forecasts again.

In real terms, consumer spending increased at a robust 15.9% annualized pace in September, nearly ensuring consumers will continue to increase their spending at a healthy pace over the holidays too. Durable goods spending is up 14.3% from a year ago even as personal services spending has declined 6.5% from a year ago.

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