Listen in as our analysts discuss an array of topics that may be affecting your institution, including recent market movements and industry-wide commentary. These briefings can serve as educational tools for both boards and management.
Watch the Latest Briefing
July 10, 2018 —This week Jamie Sumner, chief analyst, reviews the 3rd estimate of the 1Q GDP which was reduced down
to 2.0% from 2.02%. Additionally, Jamie reviews the June employment situation report which showed modest job growth and wage
growth along with an influx of individuals into the labor force. This influx of workers caused the unemployment rate to increase
to 4%, up 0.2%. Lastly, Jamie comments on the recent GDPNow forecast.
June 26, 2018 —This week Jamie Sumner, chief analyst, covers the GDPNow which shows 4.7% as the projected growth for the
economy in the 2Q 2018. Some of the most recent news that has helped to maintain such a high GDPNow includes the strong retail
sales and housing. Jamie also reviews the movements in the U.S. 10Y rate and the 2Y rate and the contracting spread between those
two rates. Lastly, Jamie reviews the movement in the CD curve along with the recent uptick in the national average money market rate.
June 13, 2018 —This week Jamie Sumner, chief analyst, reviews the FOMC statement along with the newly
released projections. Additionally, Jamie reviews the CPI and the PPI releases, which continue to show moderate
growth in inflation.
June 5, 2018 —This week Jamie Sumner, chief analyst, reviews the second estimate for the 1Q GDP which showed a downward
revision to 2.2% as anticipated. Additionally, Jamie reviews the May employment situation report. Overall, the labor market
continues to be tight with the unemployment rate falling to 3.8% and 233,000 jobs being created. Hourly earnings continue
to rise at a moderate pace not showing a sharp climb in wage inflation. Lastly, core PCE inflation measures remained relatively
flat at 1.8%, down just slightly from the prior month.
May 29, 2018 —This week Jamie Sumner, chief analyst, reviews over the retail sales report along with the 1Q2018 retail sales
and e-commerce report. Additionally, Jamie covers the inventories report which points to flat inventories for all business, while
retailers reported a -0.5% decline in inventories. Lastly, the durable goods report is reviewed showing a decline in new orders of
-1.7% while the ex-transportation figure increased by 0.9%.