US Outlook Report: An Early Thanksgiving This Year
Click here to view the report from Bank of the West
Continue ReadingBank of the West: Instant Analysis on the October Payroll Report
Not too shabby is my initial reaction to the October jobs report. While the net non-farm October payroll gain was slightly lower (+161K) than our forecast of +169K, the net upward job revisions for August and September of +44K, more than made up the difference. Monthly job gains of this magnitude should be sufficient to […]
Continue ReadingU.S. Outlook Report from Bank of the West
Click here to view the report for November 4, 2016
Continue ReadingBank of the West US Outlook Report for October 14, 2016
US Outlook Report: Global Malaise The global economy continues to be one of the biggest risks for the U.S. economy over the near-term. As the International Monetary Fund (IMF) annual meetings conclude in Washington DC, we received another sobering dose of forecasts from the IMF after years of global growth disappointment. The IMF, decrying […]
Continue ReadingBank of the West US Outlook Report for July 29, 2016
Weak Growth in 1H 2016- What’s Next? The advance estimate of Q2 GDP revealed a modest improvement in U.S. economic growth to a 1.2 annualized rate up from a revised sluggish 0.8 percent growth pace in the first quarter. Real GDP growth averaged just 1.0 in the first half of 2016. The initial estimate of […]
Continue ReadingBank of the West US Outlook Report for January 2, 2015
US Outlook Report: GDP with a 5.0 Handle- What Does it Mean? The U.S. economy confidently shifted to a higher gear of expansion in the third quarter of 2014, growing at an impressive 5.0 percent annualized rate, according to the “third” estimate of real GDP, reported by the Bureau of Economic Analysis. This was the […]
Continue ReadingBank of the West US Outlook Report for November 21, 2014
The Housing Sector Healing Continues Housing market indicators, released this week, point to a housing sector poised to reaccelerate in 2015. Mortgage purchase applications, homebuilder sentiment, building permits, and existing home sales all had better than expected gains. The homebuilders’ sentiment gauge by the National Association of Homebuilders (NAHB), traditionally a good leading indicator of […]
Continue Reading