87 Search Results for: covid

  • Market Commentary: U.S. Stocks Struggle as Inflation Jumps; China’s Economy Continues to Rebound

    Posted on July 19, 2021

    Two big economic releases in the U.S. and a series of economic data in China highlighted a challenging week for U.S. stocks. Inflation surged 0.9% and has now increased 5.4% over the last year (Figure 1). The U.S. Consumer Price Index increased more than expected, led by large spikes in used vehicle prices.

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  • What to Consider if You Receive the Monthly Child Tax Credit Payments

    Posted on July 16, 2021

    The first payment of the Child Tax Credit started hitting bank accounts on July 15 and will continue every month for the rest of 2021. 

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  • Market Commentary: Second Quarter Key Events To Know; Future Growth Expectations Are Mixed

    Posted on July 12, 2021

    The U.S. economy continued to show signs of a mismatch between demand and supply. Nearly 3 million workers have been unemployed for more than a year; yet, there are 9 million available jobs in the U.S. (Figure 1). Matching those open positions with available workers remains key to a sustained economic recovery.

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  • What Is Inflation—And Why Is Everyone Talking About It?

    Posted on July 9, 2021

    Climbing commodity prices, ambitious government spending packages due to the COVID-19 pandemic and the subsequent economic crash have resurrected a long-dormant fear: runaway inflation. But what is inflation, and is it something to worry about? A lot of the thinking surrounding inflation has changed over the years, and economists disagree on what causes it and how much weight the federal government and Federal Reserve should give it when it sets fiscal and monetary policies. Here’s a closer look:

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  • Market Commentary: Restaurants, Hotels Lead Jump in Hiring; Stock Market Continues Surge

    Posted on July 6, 2021

    U.S. payrolls jumped 850,000 in June after two months of mediocre hiring (Figure 1). With these gains, the private sector has now reinstated 73% of the jobs lost during the pandemic. Restaurants and hotels led the hiring, as the leisure and hospitality industry added 343,000 new positions.

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  • How Financial Scams Work, and How to Keep Yourself Safe No Matter Your Level of Wealth

    Posted on June 21, 2021

    Editor’s Note: This article was updated in June 2021. In the late 1920s, an enterprising Bostonian started selling subdivisions in the sunny ‘burbs of Florida. Promising orange trees in the backyard and rolling waves out the front door, he sold plots – sometimes 23 an acre! – near bustling towns like Nettie. Unfortunately, the entrepreneur’s name was Charles Ponzi, and Nettie, like his other locales, was a work of lucrative fiction.

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  • Market Commentary: One-year Inflation Rate Accelerates and Job Openings Hit All-Time High

    Posted on June 14, 2021

    U.S. consumer prices continued to go up faster than normal. The Consumer Price Index (CPI) jumped 0.6% last month and has now increased 5.0% over last year (Figure 1). Used car and truck prices rose 7.3% last month and are 29.7% higher over the last year. New car prices increased 1.6%, and airline fares surged 7.0%.

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  • Market Commentary: Amid Hiring Challenges, Hourly Earnings Rise, Some Unemployment Benefits Cut

    Posted on June 7, 2021

    U.S. nonfarm payrolls rose 559,000 last month (Figure 1). This is much better than last month’s 278,000, but much lower than March’s 785,000 gain. Workers are returning to the labor force more slowly than expected. Businesses are reporting challenges in finding workers. Leisure and hospitality employment accounted for more than 50% of the job gains. Auto industry employment dropped 27,000 last month as semiconductor shortages forced plant shutdowns.

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  • Market Commentary: Home Prices Surge Over Previous Year; Disposable Income Dips

    Posted on June 1, 2021

    U.S. home prices continued to march higher. As Figure 1 shows, they have surged 13.2%. The 20-city index has increased slightly more as cities just out of the top 10, such as Phoenix, San Diego, and Seattle have experienced very rapid price appreciation. The annualized gains are in line with the 2013 peak as housing prices recovered after the financial crisis. During that rally, the 10- and 20-city indexes experienced more rapid gains than the overall index, indicating smaller cities and towns didn’t participate at the same rate. In this rally, the move toward smaller towns has boosted the national…read the full article

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  • Market Commentary: S&P Earnings Outperforming, Unemployment Claims Down

    Posted on May 24, 2021

    S&P 500 earnings were expected to be strong and turned out to be phenomenal. When the final 5% of companies report, first quarter earnings are expected to have increased 51.9%. When the quarter began, earnings growth was expected to be less than 25%. Strong earnings from consumer discretionary companies, financials, and the communication services sector all supported rapid earnings growth.

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