Read through the Weekly Economic Commentary category's journal entries.

Tax Reform Timeline

House Republicans released the initial version of their tax reform bill on Thursday, November 2. After months of aspirational outlines and frameworks devoid of detail, this was the real thing: 400+ pages of proposed legislation covering all of the...

November Preview: The Calendar is Ticking on Tax Reform

Along with the holiday anticipation November can bring, it is also historically a bullish time for equities. The S&P 500 Index is on pace to log another gain in October, marking 7 consecutive monthly gains on a price basis and 12 in a row on a...

Slow Evolution of Consumer Spending

Consumer spending dominates the composition of the U.S. economy, trending at about 70% of gross domestic product (GDP). But how have consumers fared in the aftermath of the Great Recession and financial crisis that began 10 years ago? Data show that...

Beige Book: Window on Main Street

BEIGE BOOK SUGGESTS CONTINUED MODEST ECONOMIC GROWTH The latest edition of the Federal Reserve’s Beige Book, released Wednesday, April 19, 2017, continued to deliver a positive view of the U.S. economy. The Beige Book is a qualitative assessment of...

The $4.2 Trillion Dilemma

Minutes from the most recent Federal Reserve (Fed) meeting, released last Wednesday, sparked selling of stocks and bonds, as investors read that the Fed may reduce its $4.2 trillion balance sheet. Minutes also revealed that “some Fed officials...

April Preview

April 2017 is a busy month, with several potentially market-moving global events to monitor closely. 2017 has seen global equity prices soar to new highs, with the S&P 500 Index up 5.5% in the first quarter, the best performance to start a year...