Bank of the West US Outlook Report for September 22, 2017

US Outlook Report: Global Economy Firing on All Cylinders We have written about this before, but it bears repeating today.  One of the reasons the FOMC felt comfortable going ahead with the balance sheet normalization plan and signaling another rate hike before the end of the year was the significant progress that has been made […]

Bank of the West US Outlook Report for September 23, 2016

US Outlook Report: Patience Springs Eternal One has had to be patient in this economic expansion.  Except for stock prices, which have been on a screaming one way ticket to the top since March 2009: The S&P 500 is up a stunning 222% from its recession low.    The rest of the economy has taken […]

Bank of the West Instant Analysis on September 2016 FOMC Meeting

Instant Analysis of Today’s FOMC Meeting Statement and Projections No rate hike from the FOMC as expected today.  However, The FOMC is preparing the markets for another rate hike before the end of the year.   The FOMC statement released today added the language, “The Committee judges that the case for an increase in the federal […]

Bank of the West US Outlook Report for September 9, 2016

US Outlook Report: September FOMC Rate Hike – A Go or No Go Several prominent Fed governors have tried in recent weeks to prepare markets for a near-term 0.25 percentage point rate hike, citing a robust labor market and the approach of full-employment as reasons to start lifting rates again.  Job openings hit a new […]

Bank 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 […]

Bank of the West US Outlook Report for July 14, 2016

US Outlook Report: A Few Breaks in the Clouds this Week Financial volatility continues to calm in the aftermath of the U.K. vote. The S&P VIX index, a measure of expected stock market volatility, has hit new lows in recent days, as the S&P 500 has hit record highs.  We think a combination of positive […]

Beacon Economics California Trade Report for June 2016

LOGIN CREATE AN ACCOUNT June 2016 California Exports Slump The nominal value of California’s export trade slid lower in the latest numbers. Year-over-year growth is unlikely to return until economic conditions improve among the state’s principal foreign trading partners… Read Full Analysis Now SHARE:  Meet Our Experts Christopher Thornberg Christopher Thornberg is widely credited as […]

Bank of the West US Outlook Report for June 3, 2016

Bank of the West US Outlook Report for June 3, 2016 The mixed picture of U.S. economic growth continued this week and the May jobs number was more than disappointing. April construction spending plunged on weaker public and non-residential construction activity, while regional manufacturing purchasing managers’ indexes and the national ISM manufacturing index remained moribund […]

Bank of the West US Outlook Report for May 27, 2016

US Outlook Report: Setting Up for a Better Second Half Sometimes teams that play a lackluster first-half go into the locker-room at half-time and emerge so energized they play like a completely different team. Now, nearly two-thirds of the way through the second quarter the U.S. economy is about to go into the locker-room for […]

Bank of the West US Outlook Report for May 13, 2016

US Outlook Report: Housing Market Doing Just Fine A number of indicators will be released next week that will reveal the latest developments in the U.S. housing market. Despite the scary drop in housing starts and permits last month, the upcoming housing data for April should appear more reassuring. The current low interest-rate environment, healthy […]