Clarksville Weekly Market Snapshot from Frazier Allen for the week of November 1st, 2015
November 1, 2015
Clarksville, TN – The Federal Open Market Committee left short-term interest rates unchanged, but the tone of the policy statement was unexpectedly hawkish. The FOMC removed the phrase about downside risks from the global economy, but said that it would monitor global economic and financial developments.
It also specifically talked about the decision framework for “the next meeting,” clearly putting a December 16th rate hike back in play.
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of October 28th, 2015
October 28, 2015
Clarksville, TN – The economic calendar was light. Residential construction figures were mixed, largely reflecting the usual noise in the multi-family sector data (single-family starts and permits were little changed and still up strongly from a year ago). Existing home sales rebounded from a surprise drop in August. The four-week average for jobless claims fell to the lowest level since 1973.
Earnings reports were mixed, but investors appeared to be encouraged by the view that economic growth will continue, but not so fast that the Federal Reserve rushes to take away the punch bowl.
Frazier Allen
