3rd Quarter Newsletter
Economy: Still Slow Going
As we head into the second half of 2015, investors face continued volatility. There is uncertainty surrounding U.S. interest rates, the direction of stock markets and a sluggish global economy.
In just about every corner of the world, economic growth remains sluggish. The U.S. economy slowed to a halt in the first quarter with growth decreasing 0.2%. However, there were signs throughout the 2nd quarter that the economy was bouncing back as the weather improved. The jobs market looked better, with May's employment report particularly strong. Housing also seemed to find its footing. Manufacturing continues to be a weak spot, and lower oil prices are still a headwind to growth. Overall, though, the economy looks on track to grow about 2% for the year. Click here to read the full article