Economics Group: Weekly Economic & Financial Commentary U.S. Review Economy Firms Heading into Fall The third print for Q2 GDP showed the economy advancing at 4.6 percent annualized clip compared to the initially reported 4.0 percent rate. Following record aircraft orders in July, durable goods orders plunged 18.2 percent in August. Excluding the volatile transportation sector, […]
Continue ReadingUS Outlook Report: What’s In Store for September Payrolls Firm readings on the economy bode well for September payrolls. Not only did we get a huge final upward revision to second-quarter GDP to 4.6 percent, the U.S. economy appears to be holding on to much of its momentum in the third quarter. A stronger than […]
Continue ReadingEconomics 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 ReadingAnnual-West-Coast Trade & Export Finance Conference, L.A., Oct.16th Dear MBITA and TradePort members and associates: MBITA/TradePort is again supporting the annual GTR trade finance for the West Coast on October 16th in Los Angeles. MBITA and TradePort associates can receive a 15% discount on the fee for this event by clicking on the conference details […]
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 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 ReadingSummer Edition 2014 – Issue N. 176 A Publication of the Monterey Bay International Trade Association (MBITA) and TradePort.org MBITA CORPORATE SPONSORS FOLLOW US ON Google+ IN THIS ISSUE MBITA New Member Bridge International Global Marketing MBITA Member MIIS Launches an Innovative Master’s Degree in Trade and Economic Diplomacy Putin is on […]
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