Hurricane Irma is poised to impact Florida’s economy: CNN Money
Will climate change heighten the risk of hurricanes? Bloomberg
China experiences its fastest inflation rate since January: RTT
Are oil prices heading back to $80/bbl? Not likely: Oil.com
The GDPNow forecast for US Q3 GDP rises to 3.0%: Atlanta Fed
The NY Fed’s forecast for US Q3 GDP eases to 2.1%: NY Fed
The US Dollar Index hit its lowest point since January 2015 last week: CNBC
The September 10 edition of The US Business Cycle Risk Report has been released and sent to subscribers.
By Sarah Binder and Mark Spindel
Review via Publishers Weekly
Binder and Spindel present a comprehensive analysis of the Federal Reserve, demonstrating how the institution, although designed to function independently from politics, is deeply interconnected with governmental processes. They compellingly argue that Congress and the Federal Reserve rely on one another, with legislators using the Fed as a convenient scapegoat during economic downturns. Meanwhile, the Fed seeks congressional backing to enact policies that may be unpopular yet essential.
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If you’re interested in the newsletter, now is an excellent time to explore. Here’s a recent sample of The US Business Cycle Risk Report.
Additionally, there’s a special weekend offer: Subscribe for one year by Sunday, September 10, 2017, and you will receive five extra issues at no additional cost.
For full subscription details, click here.
Technology stocks have surpassed financial shares as the leading sector performer over the past year, as assessed through various ETFs. Financial stocks, which once thrived, have faced recent setbacks partly due to concerns that decreasing bond yields and the repercussions of hurricanes in the US will negatively affect the earnings of banks and insurers. Conversely, technology shares have remained relatively stable this week, maintaining nearly all gains from their rally earlier in 2017.
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Florida prepares for Hurricane Irma: WaPo
Jobless claims soar due to Hurricane Harvey: Bloomberg
Government services survey indicates upward revisions for Q2 growth: Reuters
European Central Bank maintains interest rates… for now: CNBC
German industrial output stagnated in July: MarketWatch
China’s export growth slowed in August: RTT
US Treasury yield dips to a 10-month low: MarketWatch
The yield gap between the benchmark 10-year Treasury Note and the 3-month T-bill dropped to 1.03 percentage points on Wednesday (Sept. 6), marking its lowest level since January 2008, according to daily data from the Treasury. This recent decline pushed the spread below the prior post-recession record low of 1.08 seen in July.
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Hurricane Irma wreaks havoc across the Caribbean en route to Florida: Bloomberg
Trump and Democrats reach a temporary agreement to delay government shutdown risks: Politico
China is prepared to impose further sanctions on North Korea: Reuters
Fed Vice Chair Stanley Fischer announces his upcoming departure in October: Reuters
ISM Non-Manufacturing Index rebounds in August following an 11-month low: NY Times
US Services PMI reaches a 21-month high for August: IHS Markit
Global economy experiences its most vigorous growth in over two years: IHS Markit
Manufacturing orders in Germany decline unexpectedly in July: MarketWatch
US mortgage refinancing applications surge to an 11-week high: Reuters
GDPNow’s updated US Q3 GDP forecast drops to 2.9%, compared to Q2 at 3.0%: Atlanta Fed
While there are no perfect solutions for assessing risk, the properties of drawdown provide a competitive edge over many alternatives. This metric stands out thanks to its intuitive framework, simplicity, and a keen focus on real market behavior, making it difficult to match.
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“Extremely dangerous” Hurricane Irma threatens Florida’s shores: WaPo
US factory orders fall short expectations in July, although business spending shows signs of improvement.: Reuters
Fed’s Brainard: Slow inflation may hinder future rate hikes: MarketWatch
Fed’s Kashkari suggests rate hikes could be detrimental to the US economy: Bloomberg
Trump’s DACA decision could cost the US economy over $400 billion: CNBC
Wall Street’s Q3 GDP survey for September 5 decreases to +2.7%: CNBC
Moody’s US credit rating downgrade may occur if Treasury payments are missed: The Hill
10-year Treasury yield drops below 2.10%, reaching a 10-month low: MarketWatch
Wall Street tumbles, marking its largest decline in nearly three weeks: NY Times
The days leading up to and following Hurricane Irma reveal the complex interplay between natural disasters and economic indicators. As we monitor the fiscal implications of such events, it’s clear that preparation and response can significantly shape outcomes. Staying informed while assessing risks is crucial for understanding economic trends and market behaviors.
