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Announcements: Financial Planning

Weekly Economic Update, February 13-17, 2017

on Feb 17, 2017 in Announcements: Employer Group, Announcements: Financial Planning, General Parrott Insurance News

CONSUMER SENTIMENT SLIPS A BIT The University of Michigan’s preliminary February index of consumer sentiment came in at a reading of 95.7 Friday, compared with a final January mark of 98.5 (which was a 13-year peak). Economists polled by Bloomberg had expected a slight decline to 98.0. While this was the index’s lowest level in three months, it still...

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Weekly Economic Update, January 9 – 13, 2017

on Jan 13, 2017 in Announcements: Financial Planning, General Parrott Insurance News

RISING WAGES, MODERATE HIRING IN DECEMBER The Department of Labor’s latest employment report shows the average hourly wage at $26.00 last month, up 2.9% in a year. That is the largest annualized wage increase seen since June 2009. Payrolls expanded by 156,000 additional hires in December, leaving total 2016 job growth at a 5-year low of 2.2 million. (This...

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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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