The Strongest Week in History: Thanksgiving may be past from the standpoint of giving thanks, but economist Brian Wesbury notes that “By several key measures, this year set new records, making it the strongest Thanksgiving week in history. From consumer spending to travel activity, the data highlight an economy that remains on solid footing. For a deeper dive into the numbers, check out the three charts below.” Check out this concise one page analysis “From Airports to E-Commerce: Thanksgiving Week Hits New Highs”
Surging employment: The economy’s holiday gift to American is a very strong employment report. Good news for the workforce, but will increased demand for workers impact the Fed’s upcoming decisions to further reduce interest rates? Check out this one page November Employment Report.
Tariffs: Real and Threatened: During the recent presidential campaign, President-elect Trump promised an aggressive tariff policy in the form of “a 10% universal tariff and up to 60% punitive tariff on Chinese imports”…but election promises don’t always become promises kept when they meet reality in the form of other people’s interests or unconsidered consequences. Economist Brian Beaulieu offers some thoughts on how executives should respond to the threat of tariffs.
FedWatch: We may have strong holiday spending and a strong job report…but what does that really mean for Fed interest rate moves in December? ITR’s Alan Beaulieu explains in the most recent edition of FedWatch.
