All Posts Tagged: U.S. Outlook
Evidence of a July U.S. Slowdown Emerging
Last week we wrote about dark clouds building on the economic horizon as COVID-19 cases have surged in recent weeks. This week more evidence emerged that the spike in virus cases is indeed sucking the oxygen out of the robust economic recovery we have seen over the past two and a half months.
Read More ›Home Price Growth Accelerates – But for How Long?
Despite unprecedented job losses in a wide swath of industries across the country since the COVID-19 pandemic arrived in the U.S., home price growth has unexpectedly accelerated.
Read More ›Reopening Brings Back Millions of Jobs
The June employment report came in on the hot side, beating most economists’ forecasts. The U.S. economy added another 4.8 million jobs in June on top of an upwardly revised 2.699 million jobs created in May. The better than expected job gains were likely driven by the reopening of big states like California that didn’t really begin opening up until late May and early June.
Read More ›Personal Spending Rebound Falls Short of Forecasts
What is the old phrase, you can lead a horse to water but you can’t make him drink? Using that analogy, the Federal Government and Federal Reserve have been pumping an unprecedented amount of water into our economy, trying to entice consumers back into stores and restaurants, and resume their old patterns of spending once businesses are able to reopen. That reopening started in nearly all 50 states in May and we got an important update on how it’s all going this morning with the release of the May Personal Income and Spending report from the Bureau of Economic Analysis.
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