Bank of the West US Outlook Report: Global Economy Gets Its Groove Back
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Continue ReadingClick here to view the report for November 4, 2016
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Continue ReadingUS 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 ReadingUS 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 […]
Continue ReadingUS Outlook Report: Mystery of the Steepening Yield Curve I guess I have been watching too many Sherlock Homes episodes on Netflix, but the sharp steepening of the U.S. Treasury yield curve since the beginning of September deserves some sleuthing. The 10-2 Year Treasury spread has increased by some 20 basis points over the last […]
Continue ReadingUS 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 […]
Continue ReadingUS Outlook Report: A Rock Solid Employment Report for June A hot June employment report belies weak U.S. job growth in April and May and is an important support for the second-quarter recovery in consumer spending and GDP growth we are forecasting. While a rebound in U.S. employment growth in June was expected, the […]
Continue ReadingBank 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 […]
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