Comerica Bank

The latest jobs report has put the ETF market into a dilemma. With the unemployment rate rising to 4.4%, the highest level since October 2021, and December rate-cut odds shrinking to 28%, trimming risk and loading up on steadier, low-beta staples may prove to be a prudent move. Mixed labor data and...

Another indicator of slowing inflation came in on Friday morning with a cooler-than-expected Producer Price Index that fell 0.4% month-over-month in March. On an annual basis, producer inflation slowed to 2.7%, well below economists’ estimates of 3.3% and down from 3.2% in February....

The U.S. economy closed 2024 with a robust jobs report, adding 256,000 payrolls in December, far exceeding expectations. Despite the strong showing, economists are cautious, citing the continued inflationary pressures that may deter the Federal Reserve from cutting rates anytime soon. A Resilient...

Thursday’s revised gross domestic product figure was a clear indication the U.S. economy is faring pretty well, according to an economist. “The GDP revisions show the U.S. economy was in good shape in mid-2024,” Bill Adams, chief economist for Comerica Bank, said Thursday. “...

Editor’s note: This story has been updated to correct a reference to January 2025 in comments from Comerica Bank’s chief economist. The Federal Reserve has every reason to cut interest rates at its next meeting in September since the U.S. revised its jobs report, according to...

The Personal Consumption Expenditure (PCE) price index keeps falling. This reaffirms the possibility that the Federal Reserve will cut the key interest rate by September. The PCE, the Fed’s favored inflation indicator which tracks U.S. consumer spending, rose 2.5% on an annual basis in June,...

Inflation may stay elevated beyond people’s expectations, according to economists. What Happened: The Producer Price Index released Friday showed a higher-than-expected increase in June. The results surprised investors. Observers anticipate rate cuts on the horizon after a larger-than-...

The U.S. labor market doesn’t appear as tight and hot as a couple of months ago, with the June’s Employment Situation report likely to show an overall cooling trend from a very strong performance in May. Slated for release Friday at 8:30 a.m. ET, the official jobs report from the...

Economists have broadly welcomed the latest key piece of inflation data, with the Personal Consumption Expenditure (PCE) price index — commonly referred to as the Fed’s favorite measure of inflation — dropping to a 2.6% year-on-year rate in May 2024, its lowest level since March 2021. This...

U.S. retail sales for May are forecasted to improve when the U.S. Department of Commerce’s Census Bureau releases its monthly sales data before the start of Tuesday’s trading session. Sales are expected to tick up 0.2% in May from the prior month, as inflation eased in May and the...

The broad market SPDR S&P 500 ETF Trust (NYSE:SPY) pushed lower on Friday following the Bureau of Labor Statistics release of the latest Producer Price Index data. Here’s what you need to know about the numbers and what leading economists are saying about the market-moving data. PPI, By...

Economic data issued Thursday indicates a marked reduction in pricing pressures in June, causing many investors to anticipate an end to the Federal Reserve's interest rate hike cycle, except for one final 25-bps hike in July. What Happened: The Producer Price Index (PPI) increased by 0.1% in June,...

The Federal Open Market Committee (FOMC) is widely expected to issue at least one more 0.25% interest rate hike at the conclusion of its meeting on Wednesday. The rate hike itself will likely not move financial markets much, but the language the FOMC uses in its policy statement could be a major...

The producer price index (PPI) fell 0.5% in March, lower than expected, according to data issued bythe U.S. Labor Department. What Happened: On a year-over-year basis, the PPI number came in at 2.7%, lower than the estimated 3%. With the Consumer Price Index (CPI), and PPI for April due to be...

On Friday morning, the Labor Department reported solid U.S. jobs market numbers from March. The U.S. added 236,000 jobs in March, slightly missing average economist estimates of 240,000 jobs. The unemployment rate fell 0.1% to 3.5%, below economist estimates of 3.6%. Wages were up 4.2% year-over-...