Enormous Job Growth As Unemployment Benefits Abruptly Now End
When examining July 2021’s economic reports, enormous job growth rippled across the economy as unemployment benefits abruptly ended.
European Central Bank Announcement Immediately Leads to Purchases Being Limited
As expected, the latest European Central Bank announcement came out this week. After months, they finally announced the expected policy change in its bond purchase program.
Dampened Job Gains Offset By Better Unemployment Rate
Key labor market data revealed mixed results, including dampened job gains missing the mark. However, a better unemployment rate counterbalanced those job gains.
Investors Focus on Targeted MBS Buying As Fed Nears Goals
Investors focus on targeted MBS buying as Fed nears goals. However, Fed Chair Powell did not provide an updated timeline for policy changes. As a result, mortgage rates ended the week slightly higher.
Retail Sales Dropped as Travel & Entertainment See a Boom
While significant economic news came out this week, retail sales dropped. In spite of this, the travel and entertainment industries saw a major a boom.
Attractive Mortgage Rates React to Looming Inflation in June 2021
In June 2021, the United States saw attractive mortgage rates alongside continually looming inflation. As a matter of fact, annual inflation rose to its highest level in June since August 2008.
Inflation Moderates as Investors Focus on Consumer Price Index Findings
As inflation moderates, investors focus on new consumer price index (CPI) findings. During a light week, they looked towards the CPI inflation report for guidance.
Breakthrough Job Gains as Labor Market Makes Vast Improvements
The monthly employment report brought stronger than anticipated data as the U.S. achieved breakthrough job gains and strong ISM data.
GDP Fell Short While Analysts Watch Inflation Reach a New Milestone
This week, GDP fell short for a roughly neutral takeaway while inflation reached a new milestone. Overall, analysts saw an abundance of news.
Home Sales Regain Ascension After Four Declining Months This Year
Despite seeing home sales regain ascension (after four declining months this year), this week didn't reveal significant economic news.