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Library » May 2016 Perspective

May 05, 2016 | Market Commentary

The advance estimate of first quarter 2016 real GDP came in at a 0.5% seasonally-adjusted annual rate. A decline in business spending was the primary drag on the economy, as nonresidential fixed investment detracted from the overall growth rate.

Library » March 2016 Perspective

March 07, 2016 | Market Commentary

A revised estimate of real gross domestic product (GDP) showed the economy expanded at a 1.0% annualized rate in the fourth quarter, up from an initial estimate of 0.7% growth. A change to inventories accounted for nearly all of the upward revision.

Library » December 2015 Perspective

December 03, 2015 | Market Commentary

Global equity markets were essentially flat in November following strong returns during October. Valuations in the broad U.S. stock market remain generally elevated, but we continue to see little evidence of excesses in the market or economy that would need to be unwound. In this environment, …


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