Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
 
 
 
Blog Home
Bob Carey
Chief Market Strategist
Click for Bio

Follow Bob on Twitter Follow Bob on LinkedIn View Videos on YouTube
 

  US Economy and Credit Markets Ended Jan. 28, 2022
Posted Under: Weekly Market Commentary
Supporting Image for Blog Post

 
The Fed left interest rates unchanged last Wednesday, as expected, but signaled it will raise interest rates and end its asset purchases in March as it starts to move away from the highly accommodative monetary policy it put in place during the pandemic. The moves come in response to high inflation, which continued to show up in data released last week. The Employment Cost Index showed wages and benefits paid by employers grew 4% last year, its highest increase since 2001. Meanwhile, the Personal Consumption Expenditures Price Index, a measure of prices paid for goods and services in the U.S., increased 5.8% from the prior year, which was its highest increase since 1982. This comes on the heels of December's 7% increase in the Consumer Price Index. The Fed last raised interest rates in December 2018 and cut them to near zero in March 2020 in response to the pandemic. Other economic data released last week showed the U.S. economy grew at a 6.9% annual rate in the fourth quarter of 2021, which was faster than expected. Major economic reports (related consensus forecasts, prior data) for the upcoming week include Monday: January MNI Chicago PMI (61.8, 63.1); Tuesday: January ISM Manufacturing (57.5, 58.7), January Final Markit US Manufacturing PMI (55.0, 55.0); Wednesday: January 28 MBA Mortgage Applications (N/A, -7.1%), January ADP Employment (208k, 807k); Thursday: January 29 Initial Jobless Claims (250k, 260k), December Final Durable Goods Orders (N/A, -0.9%), December Factory Orders (-0.2%, 1.6%); Friday: January Change in Nonfarm Payrolls (168k, 199k), January Unemployment Rate (3.9%, 3.9%).
Posted on Monday, January 31, 2022 @ 8:12 AM • Post Link Share: 
Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts
MARKET ANALYSIS
Market Commentary and Analysis
•Market Commentary Video
•Weekly Market Commentary
•Weekly Market Watch
•Monthly Talking Points
•Quarterly Newsletter
•Market Observations
Subscribe To Receive Email
 


 PREVIOUS POSTS
• Sector Performance Via Market Cap. (2020-2021 and YTD-1/25/22)
• How Bonds Have Fared Since 8/4/20
• US Stock Markets Ended Jan. 21, 2022
• US Economy and Credit Markets Ended Jan. 21, 2022
• Passive vs. Active Fund Flows
• A Snapshot of Growth vs. Value Investing
• US Stock Markets Ended Jan. 14, 2022
• US Economy and Credit Markets Ended Jan. 14, 2022
• The Real Rate Of Return On The 10-Year Treasury Note
• Every Year Looks Volatile Compared To 2017
Archive
Skip Navigation Links.
Search by Topic
Skip Navigation Links.

 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2023 All rights reserved.