Monthly Archives: September 2015

Weekly Economic Update – September 28, 2015

A BIT MORE OPTIMISM AS SEPTEMBER ENDS The University of Michigan’s consumer sentiment index advanced slightly in the past couple of weeks, rising to a final September mark of 87.2 from its initial reading of 85.7. Regardless, this was the index’s poorest final monthly reading since October 2014. It did surpass the expectations of analysts…
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Planning For Retirement When You Are Single

  If you aren’t married, you should consider these potential expenses & needs.   How does retirement planning differ for single people? At a glance, there would seem to be no difference in the retirement saving effort of an individual versus the retirement saving effort of a couple: start early, save consistently, and use vehicles…
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Weekly Economic Update – September 21, 2015

FED POSTPONES RATE MOVE, SIGNALS ONE SOON The September interest rate hike Wall Street had long anticipated did not occur, as the Federal Open Market Committee voted 9-1 against raising the federal funds rate Thursday. In their September 17 policy statement, Federal Reserve officials noted that recent “global economic and financial developments” had “somewhat” impeded…
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The Fed Decides To Wait

  In a tough time for equities, it elects not to roil the markets.   On Thursday, the Federal Reserve postponed raising short-term interest rates. Citing “global economic and financial developments” that could “somewhat” impair economic progress and lessen inflation pressure, the Federal Open Market Committee voted 9-1 against a rate hike, with Richmond Fed…
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Weekly Economic Update – September 14, 2015

NO SURPRISE: HOUSEHOLD SENTIMENT WANES The initial September edition of the University of Michigan’s consumer sentiment index came in last week at 85.7 – its lowest reading in a year, significantly below its final August mark of 91.9. Given the recent stock market retreat and ongoing headlines about China’s economic slowdown, the closely watched indicator…
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Weekly Economic Update – September 7, 2015

PACE OF HIRING SLOWED IN AUGUST Last month, 173,000 Americans found new jobs. Economists polled by MarketWatch forecast 213,000 new hires; analysts surveyed by the Wall Street Journal projected 220,000. There were definite silver linings within this disappointing Labor Department report, however. Annualized wage growth increased to 2.2%. June and July job gains were both…
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