All Posts Tagged: Scott Anderson
Financial Stability Concerns On The Rise
The most sobering section of the July Federal Open Market Committee Minutes, for me, was the description and discussion on financial system stability.
Read More ›Consumers Spending Like There Is No Tomorrow
U.S. economic data continues to surprise on the upside through July.
The retail sales report for July reveals a remarkable rebound in retail sales has occurred over the last three months as the U.S. economy reopened for business and government transfer payments bolstered consumer confidence enough for consumers to return to stores with a vengeance.
Read More ›Employment Growth Decelerates In July
U.S. non-farm payroll growth in July beat consensus expectations, rising by 1.76 million jobs compared to expectations for 1.48 million. However, this was a sharp deceleration from June’s 4.79 million job gain and May’s 2.725 million increase. This is likely to be the best jobs report we are likely to see for a while and probably exaggerates the health of the U.S. labor market today.
Read More ›Bye Bye Supplemental Unemployment Benefits
We received more confirmation this week that consumer spending bounced back strongly from its April lows. The $1,200 checks that were sent by the Federal Government to individuals certainly helped create the conditions for this reopening spending revival, but I would argue that expanded and supplemented unemployment insurance benefits have been much more targeted and effective in maintaining spending among the most vulnerable households.
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