Economic Commentary

MARKETS AND INVESTING October 08, 2021   Review the latest Weekly Headings by CIO Larry Adam. Key Takeaways Seasonal trends may shift to become a tailwind Stagflation scares overblown as economy remains resilient Comparison to 2011 debt ceiling crisis misplaced The fall season began a few weeks ago, and while the leaves and temperatures may […]

ECONOMY AND POLICY October 08, 2021   Chief Economist Scott Brown discusses current economic conditions. There was another “disappointing” gain in nonfarm payrolls in September (up 194,000, vs. a median forecast of +500,000), but it’s not as bad as it looks. Less hiring at the start of the school year resulted in a decline in […]

ECONOMY AND POLICY October 08, 2021   Chief Economist Scott Brown discusses the latest market data. Financial market participants were relieved as Washington lawmakers agreed to waive the debt ceiling until December. The September Employment Report was mixed. Nonfarm payrolls rose by a “disappointing” 194,000, but the delta variant was likely a restraint, the August […]

ECONOMY AND POLICY October 06, 2021   While unlikely to occur, a default on U.S. debt would have serious impacts for global financial markets. Learn more. Lawmakers in Washington set government spending and revenue plans, usually producing a shortfall that many of us know as the federal budget deficit. The debt ceiling limits the amount of borrowing […]