While this week has been somewhat slow in economic releases, one more indicator was encouraging. Mortgage applications for last week saw a gain of 3.4% from the previous week.

I mentioned in that report that the PPI (Producer Price Index) would be released on Thursday. This is a more forward-looking measure of inflation. Unfortunately, the numbers continue to indicate inflation is high and might remain that way for a few more months.

The inflation numbers we saw released this morning are certainly adding to investor concerns regarding additional interest rate increases by The Federal Reserve.

Yesterday we had the final revision to the second quarter GDP, showing the economy grew at 2.2% during the quarter. This was an upward revision from the earlier 1.5% release. While down slightly from the first quarter growth of 2.5%, it still represents a relatively strong quarter.

Five Key Takeaways · Orders for non-defense capital goods grew by 1.6%. in August. · New Home Sales for August increased by 6.4%, the strongest level since February of this year. · It will be important to see how the recent rise in mortgage rates will affect home sales going forward. · As we anticipated, the Fed raised the Funds Rate by a quarter-point during their September meeting. · We continue to believe we will likely see one more

Five Key Takeaways 1. Goods, diesel fuel, and gasoline are the primary items leading to higher PPI levels this month. 2. Headline CPI showed a rise of 0.4% on a month-over-month basis. 3. Oil and Gas continue to rise and are the major contributors to the higher CPI readings. 4. Fed under more pressure to increase interest rates, a quarter-point hike is possible. 5. With the above under consideration, we are re-evaluating our portfolio positions and will provide further up

We begin this Friday with a much stronger than anticipated employment report.

This has been a relatively light week in terms of economic releases, but that doesn’t mean we haven’t seen some critical numbers regarding the ongoing direction of the U.S. economy.

Stay up-to-date with the latest Economic Update from Fairway Asset Management's President Rudy Thomas.

Top 5 Takeaways This Week June inflation came in well below expectations with the Consumer Price Index declining 0.4% for the month. Lower energy prices were the primary driver of the decline in inflation. Core inflation remained subdued, showing no monthly increase during June. Inflation trends continue to move in a favorable direction, though additional data will be needed to confirm the trend. Our outlook remains constructive for both equities and fixed income as infla

We continue to view equity investments in a positive way and are broadening our industry participation beyond technology and energy. We also expect interest rates to continue to decline and will add to our fixed-income holdings as appropriate.

Top 5 Takeaways This Week Manufacturing and industrial production continued to strengthen during May. Retail sales posted their strongest year-over-year gain since early 2023, reflecting resilient consumer spending. Pending home sales continued to improve, supporting a more constructive housing outlook. The Federal Reserve maintained interest rates while signaling operational changes under new leadership. Our outlook for both the economy and financial markets remains positi

Fairway Asset Management's President Rudy Thomas shares his insights in this Economic Update for 6/10/26.

Top 5 Takeaways This Week: May payroll growth significantly exceeded expectations, with 172,000 new jobs added. The unemployment rate remained steady at 4.3% for the third consecutive month. Manufacturing employment continued to improve, a positive sign for domestic production. Average hourly earnings accelerated during May, indicating continued wage growth. We remain constructive on both equities and fixed income, while closely monitoring developments in the Middle East.

Top 5 Takeaways This Week: Producer prices came in below expectations, with PPI rising 0.5% in March versus a 1.1% forecast. Energy costs remain elevated, increasing 8.5% and continuing to drive inflation pressures. Core inflation showed moderation, rising only 0.1% for the month. Inflation is likely to remain elevated in the near term, largely tied to energy market disruptions. The Fed is expected to remain patient, with potential rate cuts later in the year. This mornin

Top 5 Takeaways This Week: Producer prices came in hotter than expected, with PPI rising 0.7% in February. Energy costs are contributing to inflation pressures, largely tied to geopolitical tensions. Manufacturing data showed modest improvement, with new orders turning slightly positive. The Federal Reserve held rates steady, citing uncertainty and inflation concerns. Markets remain volatile due to geopolitical risks, though we continue to invest cautiously. On Wednesday of

Top 5 Takeaways This Week February payrolls showed a loss of 92,000 jobs, well below expectations for job growth. The unemployment rate increased slightly to 4.4%, though still below last year’s peak. Retail sales remain strong, rising 3.2% over the past twelve months due to higher personal income. Geopolitical conflict in the Middle East is dominating financial markets, overshadowing economic data. Oil prices have risen due to the conflict, though we currently expect the inc

Top 5 Takeaways This Week: Fourth-quarter GDP slowed sharply to 1.4%, largely due to the government shutdown and weaker exports. Government spending contracted by 5.1% , negatively impacting overall economic growth. Exports declined 0.9% following a strong surge in the prior quarter. Housing remains a bright spot , with building permits and new home sales near multi-year highs. Economic growth could reaccelerate once budget issues are resolved and the federal government is

This morning, we received the ADP Private Employment Report for January. Private businesses added a relatively small number of jobs during the month, totaling only 22,000. This compares to a downwardly revised 37,000 net hires in December. The healthcare sector added 74,000 workers in January, while business services declined by 57,000. Under normal circumstances, we would also have the government-sponsored Bureau of Labor Statistics employment report on Friday to compare wit

We are finally starting to see various agencies catch up from the government shutdown in October and November of last year. One of the most watched economic releases is always the quarterly GDP numbers. The final third quarter number showed growth of 4.4%, a significant jump from the 3.8% level of the second quarter of 2025. This was also the strongest growth quarter since the third quarter of 2023. The increased strength can be attributed directly to gains in consumer spendi