Economic Updates

Keep up to date on the global economy and its impact on markets.

Politics and protectionism may restrain economic momentum

Politics and protectionism may restrain economic momentum

Q3 2018 | Capital Markets Outlook

Trade war and tighter Fed policy put pressure on the global financial system.

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Interest rates and trade create headwinds

Q3 2018 | Fixed Income Outlook

While the outlook for global growth is favorable, challenges to fixed-income markets are increasing.

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Buybacks and M&A may fuel equities, but trade conflict is a key risk

Q3 2018 | Equity Outlook

Several trends could boost equity returns, but trade negotiations create market risk.

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Economic Update for August 13, 2018

Economy
  • Wholesale sales slipped 0.1% in June, the Census Bureau reported.
  • The Producer Price Index for final demand was unchanged in July, the Bureau of Labor Statistics noted.
  • Both the CPI and core CPI increased 0.2% in July, the Bureau of Labor Statistics reported.
Employment
  • Initial jobless claims fell by 6,000 to 213,000 in the week ended August 4, 2018, according to the Labor Department.
Profits
  • As of July 31, 2018, of the 315 S&P 500 Index companies reporting second-quarter earnings, 253 — or 80.3% — beat analysts’ estimates, according to S&P Dow Jones Indices.
Emotion
  • The Bloomberg Consumer Comfort Index rose to 59.3 in the week ended August 5, 2018, from 58.6 in the prior week, marking the highest level since February 2001.