It Has Been a Long, Cold Summer John Canally, CFA Economist LPL Financial Highlights A busy week for data capped off by the August employment report. While temperatures have been well above normal this summer, the economic data has been downright chilly, raising the odds of more policy action from the Federal Reserve later this [...]
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John Canally
“Watch Your Step” John Canally, CFA Economist LPL Financial Monetary policy took center stage last week, as the Federal Reserve (Fed) took another step toward normalizing monetary policy by raising the discount rate. Aside from another disappointing reading on jobless claims, the week’s economic data on the housing and manufacturing sectors came in better than [...]
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LPL Financial Weekly Economic Commentary for October 11, 2010
by Rose Greene, CFP on October 12, 2010
October 11, 2010 Still Waiting For a Spark John Canally, CFA Economist LPL Financial Highlights What can the FOMC minutes tell us about quantitative easing? The September employment report suggested that the labor market remains sluggish, and needs a spark. Contrasts between developed and developing market economies have implications for the US dollar, commodities asset [...]
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