Effects from Hurricane Sandy, the presidential election, and Thanksgiving were notable

November 30th, 2012|by Michael Ashley Schulman, Perspectives, The Big Picture|

Effects from Hurricane Sandy, the presidential election, and Thanksgiving were notable most in employment, consumer spending, and manufacturing. The interest rate outlook is the same (despite the FOMC’s decision to peg the exceptionally low federal funds rate to unemployment and inflation performance), consumer confidence seems solid with good reports on holiday sales, and in housing […]