Once Again Economic News Was Up and Down
This week’s news created a see-saw. On Monday the Institute of Supply Management Manufacturing number was announced at a much stronger than expected 51.5. On Wednesday, we learned that Institute of Supply Management announced that the Service Sector rose to 57.1, also...
Job News for August
Jobs, jobs, jobs! Yes, it’s the first Friday of the month, and so all eyes were on the monthly jobs report. As you probably remember, expectations were that 180,000 jobs were created. The number came in at 255,000, which was higher than expected, indicating a stronger...![Shrinking Economic Growth [7.29.2016]](https://athenapaquette.com/wp-content/uploads/2016/06/50855401_ml.jpg)
Shrinking Economic Growth [7.29.2016]
The Fed’s meeting this week brought no new news. They decided to leave the base rate, “fed funds rate,” as is at 0.5% (which means the prime rate consumers get is still 3.5%). They say however that the “risks to the economy have diminished,” giving some the impression...