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Showing 1 - 10 of 101 results for "Michigan"

Economic recap: Week to July 16

BENJAMIN ONG  |  MONDAY, 19 JUL 2021
... missive that the pick-up in measured inflation is "transitory". More so given the latest indications from the University of Michigan consumer sentiment where Richard Curtin - survey director - noted that: "Consumers' complaints about rising prices ...

Chief economist update: Not yet time to make a change

BENJAMIN ONG  |  FRIDAY, 30 APR 2021
"It's not time to make a change Just relax, take it easy..." - Cat Stevens This is the US Federal Reserve's message to the markets at the conclusion of its April FOMC meeting in its efforts to calm concerns over rising inflation expectations ...

Chief economist update: A vaccine and a better vaccine

BENJAMIN ONG  |  TUESDAY, 17 NOV 2020
... New York, Maryland, Minnesota, Iowa, Utah and other states have imposed measures..." Since then, Reuters reports that: "Michigan and Washington state... imposed sweeping new restrictions on gatherings, including halting indoor restaurant service... North ...

Chief economist update: Not easy easing restrictions

BENJAMIN ONG  |  TUESDAY, 14 JUL 2020
"As the economy reopens, incoming data are beginning to reflect a resumption of economic activity: Many businesses are opening their doors, hiring is picking up, and spending is increasing. Employment moved higher, and consumer spending rebounded strongly ...

Chief economist update: Stimulus measures ease extreme fear

BENJAMIN ONG  |  WEDNESDAY, 22 APR 2020
Tanking oil prices are the latest go-to excuse for the renewed downturn on Wall Street. But more than this, it's added to the challenges facing America's economy and its corporate sector. The US labour market has already deteriorated markedly ...

Chief economist update: COVID-19 could hit Australia with triple whammy

BENJAMIN ONG  |  FRIDAY, 14 FEB 2020
... parts to a firm elsewhere in China, which in turn supplies a factory in Stuttgart, with the final product emerging in Michigan." The fall-out is underscored by a report by The Guardian : "JCB, the British digger maker, has cut working hours and suspended ...

Chief economist update: It's the US consumer, stupid me

BENJAMIN ONG  |  WEDNESDAY, 12 FEB 2020
... January 2020 and is "in the top 10% of all reading in the 46-year history of the survey". Good or bad, a University of Michigan survey of small business owners found that the "cautious optimism" under Obama turned into full-blown optimism under Trump ...

Chief economist update: It's Christmas time in the city

BENJAMIN ONG  |  MONDAY, 9 DEC 2019
... that North Korea could be preparing resumption of nuclear testing. "...but the fire is so delightful." The University of Michigan consumer sentiment index's preliminary estimate rose to a reading of 99.2 in December from 96.8 in November. This is ...

Chief economist update: US consumer power

BENJAMIN ONG  |  MONDAY, 25 NOV 2019
... 9% over the past 12 months - they will spend, lifting business revenues and income. Then again, as the University of Michigan warns: "There is little point in dismissing the significant risks from potential negative shocks, associated with tariffs, impeachment ...

Chief economist update: Glass half-full or US recession on the way?

BENJAMIN ONG  |  WEDNESDAY, 29 MAY 2019
"It is a riddle, wrapped in a mystery, inside an enigma..." Sir Winston Leonard Churchill may be describing Russia's intentions and interests when he made this now famous quote back in 1939 (before he became UK Prime Minister 1940-1945) but Churchill's ...
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