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 slightly as the 10-year treasury yield saw a modest drop.
  • The number of commercial and business loans increased from a year-over-year rate of 5.15% to 5.81%.
  • The St. Louis Fed Financial Stress Index increased from -1.00 to -0.93, yet still remains historically very low.
  • Chicago Fed National Activity Index (CFNAI) three month moving average remains above zero, a sign of above average economic growth.
  • 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.