Posts by Robert Pagliarini

Economic Update 10/09/17

By Robert Pagliarini on October 9, 2017

HURRICANES HURT SEPTEMBER JOB NUMBERS For the first time in seven years, the economy went a month without payroll growth. The Department of Labor’s September employment report revealed the impact of Hurricanes Harvey and Irma: it showed 33,000 fewer people working. Average hourly wages rose 0.5% to take the annualized gain to 2.9%, but this…

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Economic Update 10/02/2017

By Robert Pagliarini on October 2, 2017

PERSONAL SPENDING BARELY IMPROVES Consumer spending increased by only a seasonally adjusted 0.1% in August, while consumer incomes rose 0.2%. Those gains precisely matched the projections of economists surveyed by the Wall Street Journal. Factoring in inflation, household spending actually retreated 0.1% during August. Hurricane Harvey may be partly to blame for these numbers. ROUNDING…

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Economic Update 09/25/18

By Robert Pagliarini on September 25, 2017

FEDERAL RESERVE: UNWINDING WILL BE GRADUAL Last Wednesday, the country’s central bank detailed how it would shrink its mammoth balance sheet. During the fourth quarter, the Fed will unload $10 billion of maturing bonds per month; in each subsequent quarter, the monthly runoff will increase by $10 billion until reaching a limit of $50 billion.…

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Economic Update 09/18/17

By Robert Pagliarini on September 18, 2017

INFLATION SPIKED IN AUGUST Economists had long assumed consumer prices would rise abruptly at some point, and they certainly did last month. The Consumer Price Index increased 0.4% in August, its biggest one-month advance since its 0.6% gain in January. Higher gas prices were a major influence: they rose 6.3% for August. Core inflation was…

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Economic Update 09/11/2017

By Robert Pagliarini on September 11, 2017

EQUIFAX BREACH MAY IMPACT 44% of AMERICANS Thursday evening, credit reporting agency Equifax disclosed that hackers had raided its databases this spring, accessing the personal information of up to 143 million people. Equifax believes that about 209,000 credit card numbers may have been collected in the process, plus numerous Social Security and driver’s license numbers.…

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Economic Update 08/28/17

By Robert Pagliarini on August 28, 2017

SUMMER SLOWDOWN HITS HOUSING MARKET Low inventory and high prices are taking a toll on existing home sales. They declined 1.3% in July, according to the National Association of Realtors, making a second straight monthly retreat. In the past 12 months, the number of existing homes on the market has shrunk 9.0%, while the median…

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Won The Lottery? Take the Lump Sum or Annuity Quiz

By Robert Pagliarini on August 23, 2017

If you have won the lottery and want to know if you should take the lump-sum or the annuity (or even if you didn’t win and just want to dream a little), take the online Lump Sum vs. Annuity Quiz and see for yourself!

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Economic Update 08/08/17

By Robert Pagliarini on August 8, 2017

LATEST JOBS REPORT BRINGS GOOD NEWS U.S. payrolls swelled with 209,000 net new workers in July, according to the Department of Labor. That beat the 183,000 estimate by analysts surveyed by Reuters. About 53,000 of the hires were at restaurants and bars, with another 49,000 in the professional and business services category. While yearly wage…

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Economic Update 07/24/17

By Robert Pagliarini on July 25, 2017

WILL STOCKS GET AN EARNINGS BOOST? While the first full week of the Q2 earnings season saw no pronounced rallies, there were also no shocks. By Friday’s closing bell, 20% of S&P 500 member firms had reported calendar Q2 results, and a FactSet analysis showed 77% had topped sales projections and 73% had beaten earnings-per-share…

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Economic Update 07/17/17

By Robert Pagliarini on July 17, 2017

INFLATION PRESSURE WEAKENS The Consumer Price Index was unchanged in June, according to the Bureau of Labor Statistics. That left its yearly advance at only 1.6%, nearly half a point below the Federal Reserve’s target (the core CPI was up 1.7%). After the announcement, some economists and market strategists wondered whether the Fed would rethink…

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