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 were virtually unchanged as both long-term and short-term rates rose.
  • The unemployment rate was held near an all-time low of 3.70% as the U.S. continues to add jobs at a steady 1.71% annual rate.
  • Wage growth, measured by average hourly earnings, also picked up as its year-over-year change increased from 2.79% to 3.20%.
  • The composite home price index slowed down a bit, yet continues to grow at a strong 5.55% annual rate.
  • Inflation, measured by the core Consumer Price Index (CPI) remains comfortably near the Fed’s 2.0% target.

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