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:
- Treasury yield spreads were little changed with the 10-year minus 2-year spread rising 1 basis point to 0.13% and the 10-year minus 3-month dropping 3 basis points to 0.47%.
- Growth in industrial production increased from a 3.79% year-over-year rate to a 3.89% year-over-year rate.
- Business inventories are stacking up as its year-over-year changed increased from 4.56% to 5.19%.
- The core Consumer Price Index (CPI) growth rate increased from 2.14% to 2.21%, which is slightly above the Fed’s 2.00% target.
- The amount of commercial and industrial loans are also rising with its year-over-year growth rate increasing from 6.19% to 7.78%.
Please Note: Due to various factors, including changing market conditions, this content may no longer be reflective of current opinions or positions.
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