Here is what happened in the Capital Markets this week.
The Weekly Bottom Line (please click link to open)
The Weekly Bottom Line, courtesy of TD Economics, includes a review of market performances, recent key economic indicators, a calendar of upcoming key economic releases, and other relevant data. The highlights from this week’s report include:
- Equity markets were buffeted by plenty of anxiety-producing events from uncertainty on trade negotiations to right wing coalitions in Italy. Americans may also be a bit nervous about higher prices, both at the pump and for borrowing.
- The rise in oil prices is expected to be a modest drag on consumer spending. Ditto for mortgage rates and the housing market. Much of this was anticipated, and had already been baked in to our last quarterly forecast.
- We continue to expect growth to run around 3% over the remaining quarters of 2018 as the boost from fiscal stimulus offsets these modest headwinds.