Articles

ProBank Austin Advisor

September 20, 2021 - 1 min read

The Fed meets this week with all eyes on any change in tone coming out. The FOMC meets this week and will be under the microscope by financial markets. No one expects the Fed to change current accommodative monetary policy. Investors are looking for any change in the language in the statement released at the…

read article →

ProBank Austin Advisor

September 13, 2021 - 1 min read

The surge in the virus is causing us to revise the timing of economic growth The surge in the Delta virus is finally catching up with the economy. We are reducing our forecast for third quarter Real GDP growth from above 6% to 3.5% as a result of the impact of the virus. We now…

read article →

ProBank Austin Advisor

September 7, 2021 - 1 min read

The jobs data from last week provided ammunition for not changing current monetary policy. The Federal Reserve has said they achieved their target for inflation (some would argue they have surpassed the goal) but remain concerned about reaching their goal of full employment. The Labor Department’s report for August provided ammunition for those who believe…

read article →

ProBank Austin Advisor

August 30, 2021 - 1 min read

Guidance from the Fed did not change after the Jackson Hole forum speech. The much-anticipated speech at the Jackson Hole annual economic forum by Fed Chairman Powell did nothing to change investor expectations. It had been feared the Chairman was going to announce the beginning of tapering of the $120 billion a month of bond…

read article →

ProBank Austin Advisor

August 23, 2021 - 1 min read

The wealth of data from last week and due out this week does not change our forecast There is a temptation to just “cut and paste” past comments on the status of the economy. Not much has changed with the data of the last month. Personal consumption remains strong. Job growth is strong. Labor shortages are holding down the…

read article →

ProBank Austin Advisor

August 16, 2021 - 1 min read

Inflation data was more moderate but does not change our outlook for this year. Financial markets took comfort in the inflation data released last week. The Consumer Price Index increased by 0.5% in July which was well below the 0.9% rise in June. The core rate was up 0.3% which maintained the 4.3% year-over-year increase…

read article →

ProBank Austin Advisor

August 9, 2021 - 1 min read

The strong labor market report should give the Fed a reason to alter rate guidance. The Federal Reserve is charged by Congress with conducting monetary policy in such a way as to promote full employment and stable prices. The data released in the last three months reflect a strong movement towards full employment. The labor…

read article →

ProBank Austin Advisor

August 2, 2021 - 1 min read

Investors ignored the data from last week believing it is too soon to determine the base level of economic activity post pandemic. The Advance Report for second quarter economic growth was released last week. Real GDP was reported as having increased by 6.5% over first quarter levels. The consensus forecast called for an increase of…

read article →

ProBank Austin Advisor

July 26, 2021 - 1 min read

A big week for data will cause volatility in both stock and bond prices. A huge amount of data will be released this week. This data should provide evidence of the strength of the rebound from re-opening from the pandemic. As recently as a month ago, forecasts called for growth of better than 10% for…

read article →

ProBank Austin Advisor

July 19, 2021 - 1 min read

Investors continue to worry about the strength and length of the recovery. The strength and sustainability of the economic rebound continues to weigh on financial markets. The risk is growth slows in the second half of this year after the huge surge in Real GDP in the first half. The Federal Reserve has fed these…

read article →

ProBank Austin Advisor

July 12, 2021 - 1 min read

The inflation data due out this week will be high but no one seems to care. The limited data released last week did nothing to resolve the caution investors are taking about the future course of economic recovery. The JOLTS data still reflects a record level of unfilled job openings. This condition limits the ability…

read article →

ProBank Austin Advisor

July 6, 2021 - 1 min read

Uneven data releases add to the caution the Fed has been operating under. Conflicting data was released last week. The strong data included a large increase in consumer confidence and nonfarm payroll growth. The weaker data included motor vehicle sales, the unemployment rate, and trade deficit. It is weeks like this that makes determining the…

read article →

Let us put our five decades of experience to work for you.

Contact Us

CorporateOffices

Toll Free 800.523.4778