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 March 4, 2022
Posted Under: Weekly Market Commentary

Federal Reserve Chairman Jerome Powell said last week he would support a quarter-percentage-point rate hike at the Fed's upcoming meeting on March 15-16 in what will be the Fed's first rate increase since 2018. Chairman Powell also said the Fed will need to tread carefully given Russia's recent invasion of Ukraine and its uncertain impact on the U.S. economy. The comments all but end speculation that the Fed would raise interest rates by 0.50% at the March meeting, but the larger rate hike was not ruled out for future meetings if inflation doesn't come down from current four-decade highs. The jobs report released last week showed the U.S. added 678,000 jobs in February, which was well above expectations. The unemployment rate fell from 4.0% in January to 3.8% in February, which was also better than expected and is just above the 3.5% rate reached in February 2020. Both readings of the ISM Manufacturing and Non-Manufacturing Indexes continued to indicate expansion in February. Supply chain issues and labor shortages remain a headwind for both, however, amid strong demand as the economy continues to reopen. Major economic reports (related consensus forecasts, prior data) for the upcoming week include Tuesday: January Trade Balance (-$87.4b, -$80.7b), January Final Wholesale Inventories MoM (0.8%, 0.8%); Wednesday: March 4 MBA Mortgage Applications (N/A, -0.7%); Thursday: March 5 Initial Jobless Claims (220k, 215k), February CPI MoM (0.8%, 0.6%); Friday: March Preliminary U. of Mich. Sentiment (61.3, 62.8).
Posted on Monday, March 7, 2022 @ 9:22 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

A Snapshot Of The U.S. Dollar
A Snapshot Of Bond Valuations
US Stock Markets Ended Feb. 25, 2022
US Economy and Credit Markets Ended Feb. 25, 2022
A Snapshot Of The Last Four 10%-Plus Declines In The S&P 500 Index
A Snapshot Of Gold, Silver And The Miners
US Stock Markets Ended Feb. 18, 2022
US Economy and Credit Markets Ended Feb. 18, 2022
Top-Performing S&P 500 Index Subsectors YTD (Thru 2/15)
Rising Bond Yields And Stock Performance
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 © 2022 All rights reserved.