US Outlook Report: FOMC Scales Back Rate Hike Expectations The large gap between the Federal Open Market Committee’s Fed funds target rate expectations and the market’s own projections about the future path of the Fed’s rate policy closed rapidly this week and it wasn’t the market adjusting to the Fed, it was the Fed bringing […]
Continue ReadingACWA eNews for March 18, 2015 ACWA eNews ACWA’s eNews is a weekly roundup of California water news and events. Top Level Officials Confirmed for 2015 Drought Briefing Submitted by Pamela Martineau on Wed, 03/18/2015 – 4:11pm Top level officials from the Brown Administration and various state, federal and local water agencies are confirmed […]
Continue ReadingInstant Analysis of Today’s March FOMC Statement FOMC removes “patient” language- a June or Sept. liftoff on the table, April ruled out. New guidance – FOMC must see further improvement in the labor market and be reasonably confident that inflation will move back to 2 percent over medium term Fewer “Hawks” on the Committee pushes […]
Continue ReadingSUBSCRIBE TO THE PRINT EDITION INSIDE PACIFIC MARITIME MAGAZINE No Idle Yards By Chris Philips, Managine Editor West Coast yards are busy building tugs, barges, ferries and small workboats for the rigors of operating in the Pacific Ocean. One notable exception to the West Coast surge is Conrad Orange Shipyard, Inc., a division of […]
Continue ReadingWells Fargo Weekly Economic & Financial Commentary – March 13, 2015 Consumers in Winter Hibernation? Retail sales unexpectedly fell 0.6 percent in February. Sales looked to have been depressed by the harsh winter weather that hit parts of the country during the month, with the biggest monthly declines occurring at auto retailers and building material […]
Continue ReadingUS Outlook Report: The Curious Case of Missing Retail Sales Here we go again. February retail sales once again missed economists’ expectations, falling 0.6 percent on the month after a steep 0.8 percent monthly decline in January. This caps three consecutive months now of declining retail sales. Looked at in a vacuum, such an atrocious […]
Continue ReadingACWA eNews for March 11, 2015 in ACWA eNews ACWA’s eNews is a weekly roundup of California water news and events. 2015 Drought Briefing “Four Years and Counting” Set for April 9 Submitted by Pamela Martineau on Wed, 03/11/2015 – 4:14pm ACWA in partnership with several organizations will present a 2015 drought briefing April […]
Continue ReadingSUBSCRIBE TO THE PRINT EDITION INSIDE PACIFIC MARITIME MAGAZINE Fidley Watch: An Injury to One… By Chris Philips, Managine Editor After nine months of negotiations, the Pacific Maritime Association and International Longshore & Warehouse Union have agreed in principle to the terms of a five-year contract. The agreement, according to both the PMA and […]
Continue ReadingSUBSCRIBE TO THE PRINT EDITION INSIDE PACIFIC MARITIME MAGAZINE 113th Congress Addresses Arctic Maritime Transportation Needs By Craig H. Allen Sr. On December 18, 2014, President Obama signed into law the Howard Coble Coast Guard and Maritime Transportation Act of 2014 (CGMTA). The Act authorized just over $8.7 billion in fiscal year 2015 appropriations […]
Continue ReadingWells Fargo Weekly Economic & Financial Commentary – March 6, 2015 – Plenty of Momentum in the Labor Market Nonfarm payrolls added 295,000 jobs in February, while the unemployment rate dropped to 5.5 percent. Gains were broad-based, but average hourly earnings barely grew. The strong payroll number bodes well for consumer spending, which continued to […]
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