U.S. Outlook: Payrolls report doesn’t provide a clear picture
Chief Economist
There are signs of a cooling labor market in September’s jobs numbers. However, no signs yet of the panic and capitulation typical at the onset of a recession.
Read More ›U.S. Outlook: September Ending on a Cautionary Note
Chief Economist
The formal impeachment inquiry that has begun in the House of Representatives will likely add to daily market volatility in both the equity and the bond markets.
Read More ›California Economic Outlook: Trade War Fallout
Chief Economist
The negative fallout from the U.S.-China trade war is beginning to show up in economic data.
Read More ›U.S. Outlook: Sleepy Money Market Wakes Up From Its Hibernation
Chief Economist
It’s all about bank reserves and the demand for liquidity. This week money market rates went haywire for the first time since the early days of the financial crisis. The overnight repo rate spiked to almost 10.0% on Tuesday, but that wasn’t the only overnight money market rate to shoot higher.
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