Economics Group: Weekly Economic & Financial Commentary U.S. Review FOMC Meeting Does Little to Change Our Outlook The Fed lowered its projections for GDP and unemployment slightly, but left a “considerable time” between ending its asset purchase program and its first rate hike, which we still expect in Q2 2015. Industrial production weakened in August, but […]
Continue ReadingUS Outlook Report: Financial Services Catches The Wave of Growth We already knew the U.S. economy grew last year, but we just got some interesting detail by industry and at the metro level on where growth is occurring. On Tuesday, the Bureau of Economic Analysis (BEA) published its first estimate of 2013 and revised 2001-2012 […]
Continue ReadingInstant Analysis of Today’s September FOMC Statement Confusion reigns as the Fed appears to be over communicating. The more hawkish dot-plot forecast on the Fed fund target rate doesn’t jive with cut in the GDP growth outlook and dovish official statement. There was something for everyone in today’s FOMC meeting materials: the statement, summary of […]
Continue ReadingSubscribe to Pacific Maritime Magazine PRINT EDITION August 2014 Issue Ocean and Coastal Towing By Jim Shaw The ocean and coastal towing sector on the West Coast is usually seen as the rather routine business of moving barges, plus the occasional dead ship, coastwise and […]
Continue ReadingEconomics Group: Weekly Economic & Financial Commentary U.S. Review Third Quarter Growth Appears Solid Retail sales rose 0.6 percent in August as auto sales helped to boost the headline number. The stronger reading allayed some fears about consumer spending in the third quarter. Business inventories rose 0.4 percent in July signaling that the pace of inventory […]
Continue ReadingSubscribe to Pacific Maritime Magazine PRINT EDITION August 2014 Issue Fidley Watch: Bugs By Chris Philips Managing Editor Last week a subscriber who is a longshoreman at the Port of Los Angeles alerted us to a 9,000-TEU container carrier that was “yellow flagged” because […]
Continue ReadingUS Outlook Report: It’s All About the Labor Market With the Federal Open Market Committee meeting next week and releasing its latest forecasts on the economy and Fed funds rate, markets will be probing for signs that the Fed may move up its timetable for the first interest rate hike. The headline unemployment rate has […]
Continue ReadingInstant Analysis of Today’s Retail Sales Report for August Bottom-line, retail sales rebounded strongly in August as we expected, but we also got a bonus upward revision to July’s retail sales to a positive 0.3% from an originally reported 0.0% reading. The new July retail sales estimate is more in-line with the robust consumer […]
Continue ReadingSubscribe to Pacific Maritime Magazine PRINT EDITION August 2014 Issue Fidley Watch: Bugs By Chris Philips Managing Editor Last week a subscriber who is a longshoreman at the Port of Los Angeles alerted us to a 9,000-TEU container carrier that was “yellow flagged” because of […]
Continue ReadingSept. 5, 2014 Sept. 5, 2014 ACWA News Available Online This issue features the historic three-bill groundwater package that has been approved by the Legislature and sent to Gov. Jerry Brown for signature. Other articles include: Draft BDCP to be Recirculated in Early 2015 Initial 2014 Water Bond Toolkit Available to ACWA Members Online Save […]
Continue Reading
