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Weekly Economic Update for March 20, 2017

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FED HIKES, LEAVES 2017 FORECAST UNCHANGED

As expected, the Federal Reserve raised the target range for the federal funds rate by a quarter-point last week to 0.75-1.00%.

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Weekly Economic Update for March 13, 2017

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COMPANIES HIRED READILY IN FEBRUARY

U.S. firms added 235,000 net new jobs last month, and the latest Department of Labor employment report showed the largest growth occurring in the construction and education/health care sectors.

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Weekly Economic Update for February 27, 2017

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A LITTLE LESS OPTIMISM AMONG CONSUMERS

February’s final University of Michigan consumer sentiment index came in at 96.3, down from its January mark of 98.5, but well above the 91.7 reading of a year earlier.

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Weekly Economic Update for March 6, 2017

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 YELLEn: RATE MOVE MAY HAPPEN THIS MONTH

 In Chicago Friday, Federal Reserve chair Janet Yellen said that if hiring and inflation indicators continue to meet the central bank’s expectations, an interest rate hike “would likely be appropriate” at its March policy meeting.

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Weekly Economic Update for February 13, 2017

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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).

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