US Weekly Economic Briefing: The following represents a general Table of Contents outline for the US Weekly Economic Briefing. The actual report may cover any or all of the topics listed below.
US Weekly Economic Briefings
1. Highlights: Briefing on events-driven analysis for the week, which varies depending upon data.
2. Credit Crunch Watch:
Financial Stress and Monetary Conditions Indicators, along with discussion of their latest movements. Brief discussion of latest trends in the US and Eurozone economies.
Detailed charts of the components of the Financial Stress and Monetary Conditions Indicators.
Credit Crunch Timeline: Summary of major economic events since the beginning of the financial crisis.
3. Latest Data in Detail: Charts and analysis on the important releases of the previous week, such as: inflation indicators, consumer confidence, retail sales, durable goods orders etc.
4. The Week Ahead: Scheduled key data releases for the upcoming week, including information on previous data and forecast data.
5. Key Economic Indicators: The previous yearâ™s monthly data for a number of key macroeconomic indicators, including the unemployment rate, output, retail sales, inflation, and trade balance.
6. Key Financial Indicators: The previous yearâ™s monthly data for a number of key financial indicators including: Short and long term interest rates, key exchange rates, money supply, S&P 500, and reserves.
Since 2009, the Fed has engaged in a series of radical policy measures aimed at averting deflation and boosting growth. The US economic recovery has been relatively modest, however, sparking concerns that monetary policy may have become ineffective. In our view, the Fed's record is relatively good given the severe headwinds created by the global financial crisis and the collapse in US housing - especially when compared with the Eurozone. Money and credit growth is proceeding at reasonable rates, credit standards have eased and investment, exports and spending on durables have rebounded. The main limitation on the US recovery is low growth of consumption, which is partly the result of structural problems such as debt levels and the housing sector. These problems may take years to work through.