Last Week:

Markets remain mixed last week.

The November jobs number beat expectations of 190,000, coming in at 228,000.

The U3 unemployment rate remained at 4.1%.

The participation rate remained at 62.7%.

October factory orders dropped to -0.1%, down from September’s +1.4%.

The November ISM Non-Manufacturing Indexdropped to 57.4, down from October’s 59.0. Anything over 50.0 is considered positive.


This Week:

Economic focus of the week: will come on Wednesday afternoon at 2:00pm when we get the meeting statement from the Fed’s final FOMC meeting of the year. At 2:30pm we will get Janet Yellen’s final Fed meeting press conference. The Fed is expected to raise their interest rate another ¼ point.

Indicator focus: November’s Producer Price Index (Tue); November’s Consumer Price Index, Final Fed meeting of the year (Wed); October’s business inventories, November’s retail sales (Thu); and November’s industrial production (Fri).


Have a great week,

Chris

 

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