De Groote Financial Group December 9, 2016

Trump Team Expects 3% to 4% Growth… Incoming Treasury Secretary Mnuchin reiterated the Trump campaign’s economic growth target of 3.5%, even though the U.S. hasn’t grown that fast consistently since the 1990s. What it means – I think this will be a recurring theme as the next administration gets settled in office and the Republican […]

De Groote Financial Group October 21, 2016

U.S. Consumer Prices Up 0.3% in September… Energy and housing drove prices higher. Core inflation, excluding food and energy, rose a modest 0.1%. What it means – Prices increased 1.5% from last year, and core inflation jumped 2.2%. That’s higher than the Fed’s 2.0% target, but they don’t use the Bureau of Labor Statistics’ core […]

De Groote Financial Group August 12, 2016

U.S. Nonfarm Productivity Fell an Annualized 0.5% in the Second Quarter… The drop follows a 0.6% slide in the first quarter. What it means – Analysts expected a 0.5% rise that would counter most of the drop in the first quarter. Obviously, that didn’t happen. Productivity remains a problem. Economists and Fed officials can’t figure […]

De Groote Financial Group July 22, 2016

Housing Starts Up 4.8% in June, Reversing Decline in May… Single-family housing starts increased 4.4% and multifamily starts moved up 5.4%. What it means – Home builders will breathe a little easier knowing that housing isn’t sliding backward, but there’s not a lot of forward momentum, either. Housing starts climbed back to 1.189 million units on an annualized basis, which keeps […]