The Milwaukee Company’s Economic Briefing Report is a weekly summary of economic indicators that have the potential of impacting stock and bond markets.  Readings associated with a high level of risk for a number of the indicators listed below could suggest an elevated risk of a U.S. recession, and therefore a higher level of market risk.  This Report is for informational purposes only and should not be regarded as a substitute for independent research and personalized investment advice.

 

Comments on this week’s report:

  • Interest rate spreads narrowed as the 10-year treasury yield dropped roughly 12 basis points.
  • Gross Domestic Product’s (GDP) annual growth rate ramped up to 3.04%, carried by an increase in consumer spending and still remains at a low level of risk.
  • New orders of durable goods slowed down a bit, but is still growing at a strong 7.86% annual growth rate.
  • Inflation, measured by the core Consumer Price Index (CPI) remains comfortably near the Fed’s 2.0% target.
  • Personal Consumption Expenditures (PCE), another measure of inflation, was little changed as its annual growth increased from 1.96% to 1.97%.

Please Note:  Due to various factors, including changing market conditions, this content may no longer be reflective of current opinions or positions.