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Posts made in December, 2016

Weekly Economic Update, December 19-23, 2016

on Dec 21, 2016 in Announcements: Financial Planning, General Parrott Insurance News

FED RAISES RATES, PLOTS THREE 2017 HIKES Federal Reserve policymakers unanimously chose to raise the benchmark interest rate by a quarter point last week. That was expected; less expected was the central bank’s adjustment to its 2017 dot-plot. Fed officials now see three rate hikes next year instead of two. The move to the new target range of 0.50-0.75% sent...

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Weekly Economic Update, December 12-16, 2016

on Dec 14, 2016 in Announcements: Financial Planning, General Parrott Insurance News

SERVICE SECTOR LOOKS VERY HEALTHY The Institute for Supply Management’s monthly services index improved 2.4 points in November to a 57.2 reading. Analysts polled by Briefing.com had expected a small gain to 55.6. It was the PMI’s best reading since October 2015, and it marked the 82nd consecutive month of expansion for the non-manufacturing segment of the...

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Weekly Economic News, December 5 – 9

on Dec 6, 2016 in Announcements: Financial Planning, General Parrott Insurance News

JOBS REPORT SHOWS UNEMPLOYMENT AT 4.6% America’s jobless rate fell to a nine-year low in November as companies added 178,000 net new jobs. The U-6 rate (including the underemployed decreased) 0.2% to 9.3%. There were some negatives: yearly wage growth moderated to 2.5%, and the labor force participation rate ticked down to 62.7%, in part because of baby boomer...

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