Clarksville, TN – The economic data calendar was thin. Retail sales rose as expected in August. However, the figures for June and July were revised higher.
While the pace of consumer spending growth does not appear to be especially strong into 3Q14, it’s not terrible weak either (and certainly not as bad as the data suggested a month ago). Financial market participants didn’t seem to care much about the retail sales data.
Global anxieties receded a bit as the “no” vote for Scottish independence regained an upper hand in the polls. The markets didn’t react much to President Obama’s call for military action in the Middle East.
Clarksville, TN – The economic data were mixed. ISM surveys were stronger than expected. Unit auto sales rocketed to a 17.4 million seasonally adjusted annual rate, the strongest pace since January 2006.
The Fed’s Beige Book, the summary of anecdotal economic information from the 12 Federal Reserve districts, was essentially more of the same (growth described as “modest to moderate”). The August Employment Report was disappointing.
Clarksville, TN – Premier Medical Group is pleased to announce the addition of Dr. Di’Net Sintim-Amoah to their Pediatric department.
A native of Greenville, Mississippi, Dr. Sintim-Amoah studied at Spelman College in Atlanta and earned her medical degree from the Morehouse School of Medicine. She completed her pediatric residency at Morehouse School of Medicine Pediatric Residency Program in Atlanta.
Clarksville, TN – Market participants had expected Fed Chair Janet Yellen to adopt a decidedly “dovish” tone in her Jackson Hole speech.
However, Yellen presented a balanced assessment of the evidence and theories of labor market slack. While Yellen still sees plenty of labor market slack currently, she left the monetary policy outlook as an open question.
She repeated the notion (also included in the FOMC minutes) that the Fed could firm monetary policy sooner if the economy strengthens more than anticipated, but could also tighten more slowly if the economy disappoints.
Clarksville, TN – Retail sales were flat in July, reflecting a weak start to 3Q14. Industrial production rose 0.4%, restrained by lower output of utilities (cooler than normal temperatures). Manufacturing output rose 1.1%, reflecting a 10.1% jump in auto production.
However, seasonal adjustment in autos is tricky in July (prior to seasonal adjustment, auto production fell 18.0%, vs. -26.8% in July 2013). Seasonal plant closings were much more moderate this year, trimming weekly jobless claims as well. The Job Opening and Labor Market Turnover Survey data for June showed gradual improvement in hiring and quit rates (although both remain well below normal levels).
Gary Mathews Motors recognized for donation of ballistic and stab proof vests to Montgomery County Sheriff’s Office K-9 Unit
Clarksville, TN – The Clarksville-Montgomery County community gathered in front of Gary Mathews Motors (1100 Ashland City Road) yesterday morning, to recognize them for a generous contribution which allowed the Montgomery County Sheriff’s Office to purchase 5 customized bullet and stab resistant vests for the MCSO K-9 Unit.
“A very special and elite team of law enforcement officers exist, who having undergone years of rigorous training. On a daily basis, these teams prove their loyalty and dedication to their community including Montgomery County’s own K9 Unit,” said Gary Mathews, President and CEO of Gary Mathews Motors.
Clarksville, TN – The businesses at Sango Village will be hosting a block party on August 16th, 2014. The local business owners have created the free event to give back to the community.
Courtney Berlyak, owner of Sango Village Florist, said, “We wanted to do something fun and enjoyable that could include all of our neighbors. With the end of summer approaching, the block party idea was a perfect fit!” [Read more]
Clarksville, TN – Tilted Kilt Pub and Eatery, with support from the Nashville Chive Chapter, recently raised $4,476 for the Folds Of Honor Foundation.
The “Nashville Chive Unofficial Meetup”, presented by Budweiser of Clarksville, was held at Tilted Kilt on May 17th and included a silent auction, limited edition t-shirt sales, drink and menu specials and more with proceeds going to Folds of Honor.
In addition to Budweiser, additional sponsors for the Chive Meetup included SSF Submission Academy, Touchgolf Products, The Joe Padula Show, and.
Clarksville, TN – As was widely anticipated, the Federal Open Market Committee tapered another $10 billion from the monthly pace of asset purchases (now at $25 billion, with the program on track to be completed at the end of October).
The Fed provided no additional guidance on short-term interest rates, but repeated that the federal funds rate target would likely remain exceptionally low for “a considerable period” after the asset purchase program ends and that economic conditions will likely warrant a below-normal federal funds rate even as the Fed nears its employment and inflation goals.
Clarksville, TN – Gary Mathews Motors, Gary Mathews KIA, Gary Mathews VW, Mathews Nissan, has provided 5 customized bullet and stab resistant vests for the K9 Unit of The Montgomery County Sheriff’s Office.