Q4 2017 Quarterly Economic Update
The final quarter of 2017 was a great one for stocks: the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all posted 3-month gains of better than 6%.
January 8, 2018 Weekly Economic Update
The Department of Labor’s latest jobs report announced a headline unemployment rate of only 4.1% in December, but it also showed companies adding just 148,000 net new workers last month.
January 2018 Monthly Economic Update
Congress reformed federal tax law to a degree unseen since the 1980s, the Federal Reserve raised the benchmark interest rate, and bitcoin took its investors for a wild ride.
January 1, 2018 Weekly Economic Update
In December, the Conference Board’s monthly index fell sharply from its lofty November reading of 128.6. That number was a 17-year high.
December 25, 2017 Weekly Economic Update
Congress passed the Tax Cuts & Jobs Act last week, and President Trump signed the bill into law on Friday. The new legislation authorizes major changes to the Internal Revenue Code.
Congress Passes the Tax Cuts & Jobs Act
The legislation alters the Internal Revenue Code to a degree unseen since the 1980s, altering income tax brackets, marginal tax rates, key deductions and exemptions, and the taxation of corporations and pass-through businesses.
December 18, 2017 Weekly Economic Update
The Federal Reserve raised the benchmark interest rate by 0.25% last week. Their consensus projection has the federal funds rate at 2.1% a year from now.
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December 11, 2017 Weekly Economic Update
According to the Department of Labor, the U.S. workforce gained 228,000 jobs. Annualized wage growth improved from 2.5% to 2.7%.
December 2017 Monthly Economic Update
In November, the S&P 500 gained 2.81% and advanced for a thirteenth straight month – an unprecedented milestone in the index’s long history.
