AFP EconWatch: June 3, 2013
- By Staff Writers
- Published: 2013-06-03
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- AFP EconWatch: Lower Gas Prices Boost Retail SalesLower gas prices supported increased retail sales in October. Also, hiring surged to a seven-year high in September, and a new report suggests falling gas and oil prices may have further eased inflationary pressures.
- Corporate Finance Week: U.S. Economy Continues to StrengthenThe Treasury market is basically unchanged; the stock market is at all-time highs; the U.S. dollar continued to strengthen; and the deficit, as a function of GDP, dropped to 2.8 percent. There is a general feeling that the U.S. economy is currently expanding in the elusive, but much sought after “Goldilocks” range.
- AFP EconWatch: U.S. Economy Picks Up the PaceThe U.S. economy expanded at a faster than previously believed pace during the spring. GDP grew 4.2 percent on a seasonally adjusted annualized rate during the second quarter.
- This Week in Corporate Finance: GDP Report Sparks VolatilityWhat caused last week's volatility? Treasuries sold-off after the second quarter GDP report came in significantly higher than expected (+4.0 percent versus a consensus +2.9 percent). The fear was that the increase in economic activity would force the Fed’s hand to raise interest rates sooner rather than later to stem the tide of potential inflation.
- AFP EconWatch - August 4, 2014Employers added 209,000 non-farm jobs on a seasonally adjusted basis during July. While the pace of job creation was slightly slower than the consensus forecast, July was the sixth consecutive month in which the U.S. economy added at least 200,000 new jobs. The last time that happened was July 1997.