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Weekly Economic Commentary | January 22, 2019
The Beige Book Barometer dropped to a nine-month low. While Main Street still sees economic health, uncertainty is at its highest point in years.
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Main Street’s Uncertainty Climbs
Recent U.S. economic data have been sending a lot of conflicting signals, and Wall Street’s economic outlook is more clouded than at any point of the cycle. Because of this, we thought we’d provide some direction from Main Street via the latest Federal Reserve’s (FED) Beige Book survey, which was published January 16 and compiled…
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Government Shutdown Enters Uncharted Territory
The U.S. government is in Day 27 of a partial government shutdown, now the longest in history.
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Brexit Hits Another Bump
Yesterday’s U.K. Parliament vote was another bump in the road for Brexit. As shown in the LPL Chart of the Day, the British pound and the euro have steadily declined over the past few months, weighed down in large part by pessimism around British Prime Minister Theresa May’s proposed plan for a European Union (EU)…
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The TED Spread’s Economic Signal
Credit stress among banks has remained relatively calm recently, signaling an economic recession may not be as imminent as some investors fear. As shown in the LPL Chart of the Day, the TED spread, or the difference between the 3-month London Interbank Offered Rate (Libor) and the 3-month Treasury yield, climbed above 1% in the…
