Economic Updates

Keep up to date on the global economy and its impact on markets.

Don't fall for inflation head fake

Don't fall for inflation head fake

Q2 2021 | Capital Markets Outlook

Large, repeated government stimulus packages do not necessarily lead to inflation. See what this means for our strategy.

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Bond markets restless amid inflation hype

Q2 2021 | Fixed Income Outlook

Global financial markets were mixed during the first quarter.

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We are agriculture bulls

May 3, 2021 | Equity Insights

We believe we are in the early innings of a multiyear upcycle for the global agricultural economy.

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Economic Update for May 17, 2021

Economy
  • The CPI rose 0.8% and core CPI increased 0.9% in April, according to the Bureau of Labor Statistics.
  • Import prices rose 0.7% and export prices grew 0.8% in April, the Bureau of Labor Statistics reported.
  • The Federal Reserve stated that industrial production grew 0.7% in April.
Employment
  • Initial jobless claims fell to 473,000 in the week ended May 8, 2021, from 507,000 in the previous week, according to the Department of Labor.
Profits
  • As of May 6, 2021, of the 438 S&P 500 Index companies reporting first-quarter earnings, 372 beat analysts’ expectations, according to S&P Dow Jones Indices.
Emotion
  • The University of Michigan’s index of consumer sentiment fell to 82.8 in May from 88.3 in April.
  • The NFIB Small Business Optimism Index rose in April.