Weekly Economic Briefings - Us Weekly Economic Briefing
Weaker-than-expected September ISM surveys signaled that the deepening global manufacturing slump is threatening to spread to the broader US economy. Encouragingly, the September jobs report showed labor conditions remain healthy with the unemployment rate falling to a half-century low. While we expect industrial activity to remain downbeat in 2020, we believe economic fundamentals remain broadly supportive of this expansion. We note, however, that the risks of further contagion via a gradual erosion of confidence and slower employment are significant. Faced with the reality of a deepening manufacturing recession, a weakening domestic economy, a cooling labor market, low inflation and the risk of tightening financial conditions, the Fed will have no choice but to implement two additional rate cuts before year-end to keep the economy in a ‘good place’.
- 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
- Highlights: Briefing on events-driven analysis for the week, which varies depending upon data.
- 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.
- 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.
- The Week Ahead: Scheduled key data releases for the upcoming week, including information on previous data and forecast data.
- Key Economic Indicators: The previous year’s monthly data for a number of key macroeconomic indicators, including the unemployment rate, output, retail sales, inflation, and trade balance.
- Key Financial Indicators: The previous year’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.