Crude oil trading from $40 to $45 per barrel in Sept.
Another wild week for the oil market, but prices wound up near where they started, at about $42 per barrel for benchmark West Texas Intermediate (WTI).
Continue reading “Price Drops at the Gas Pump to Continue”
Flat in ’16, after drop in ’15
Turmoil in overseas markets is adding an extra layer of caution to U.S. businesses’ plans for investment in new equipment purchases.
Continue reading “Flat Growth for Business Spending in 2016”
1.8% for ’16, up from 2.4% in ’17
Consumer price inflation will continue to pick up through the rest of the year, though at a rate of 1.8%, a slower pace than we have been forecasting because energy and food price increases are moderating.
Continue reading “Inflation on the Rise”
10-year T-notes at 1.4% by end ’16
The vote by Britain to leave the European Union has completely changed the outlook for interest rates. Rates should stay low for an extended period of time as U.S. Treasury notes and bonds remain important safe haven investments in the face of uncertainty over growth in Europe and Japan.
Continue reading “Brexit Vote Puts Damper on Interest Rates”
Hiring slowing to 150K-200K/month by end ’16
Look for job growth to gradually retreat into the range of 150,000 to 200,000 jobs per month — versus a strong 255,000 jobs added in July — as the hot employment market of the past few years downshifts to a more sustainable pace.
Continue reading “Pace of Job Growth to Slow”
1.4% growth for the year; a 2% pace in ’17
The U.S. economy continues to plod along in lackluster fashion, as evidenced by the fact that the gross domestic product climbed at just a 1.2% annualized rate in the second quarter.
Continue reading “Uncertainty Clouding GDP Outlook”
After a furious spring rally, the oil market has been flirting with bear market territory recently. Some might say it looks eerily similar to last year, when crude shot up in the spring before free-falling. For oil, will it be déjà vu all over again? Continue reading “Oil market woes look like deja vu all over again”
The security threat posed by quantum computers. A turning point for the computer chip industry. Free advice on ransomware attacks. Tech stocks continue to please Wall Street. Africa set to add a quarter-billion web users. The U.K.’s tech sector takes a hit. Continue reading “U.S. unprepared for new security threat posed by quantum computers, and other Tech updates”
Federal regulators jolted the auto industry with two surprising pieces of news this month. First, Uncle Sam says that the fines automakers incur for falling short of government fuel economy rules are doubling, a painful blow for the industry. And second, the government doesn’t believe the car industry will hit the lofty fuel economy goal that regulators targeted for the year 2025. It all sounds a bit contradictory. But on closer inspection, the feds’ actions start to make sense. Continue reading “What do the government’s changing fuel economy rules mean for you?”
Trump will get a bounce after the Republican convention, but Clinton is poised to regain ground.
Continue reading “Bumpy Road Ahead in 2016 Presidential Race”