All Posts Tagged: unemployment

Cabin Fever Hits Markets – Long Economic Winter Ahead

Scott Anderson
Chief Economist

Growing up in Minnesota, I am very familiar with the cabin fever that can result from long winters and being stuck at home for months on end.
Before long you’re climbing the walls with boredom and dreaming of the places you will go and the things you will do when the weather breaks. The U.S. equity market rally at this point is feeling a lot like that these days.

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Only the Tip of the Iceberg

Scott Anderson
Chief Economist

The March employment report was shockingly bad. Seven hundred and one thousand jobs lost last month – more than 7 times higher than economists’ consensus forecast.

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Can the U.S. Consumer Sustain?

Scott Anderson
Chief Economist

Consumer confidence has rebounded strongly since August.
Record stock market prices and continued job growth have helped revive consumers’ spirts in recent months. The University of Michigan’s consumer sentiment measure jumped to 99.8 in its final reading for January – a full 10 point gain off the August lows and not far from the expansion highs of 101.4 hit way back in March of 2018.

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U.S. Outlook: Will consumers resurface in the second quarter?

Scott Anderson
Chief Economist

The Treasury yield curve has moved deeper into inversion since last week’s FOMC meeting. And the Fed funds futures market has begun to price in not one, but two or more quarter‐point rate hikes before the end of 2020.

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