Video: Mark Rogers on the US Economy — Week of December 9, 2013

Econoday’s Mark Rogers provides a look at key economic announcements for the US this week: A focus on job growth and its effect on taper talk. Even as healthy numbers have raised taper talk, markets are getting used to the idea of tapering.

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Econoday reports, available on TradingScreen’s award-winning TradeSmart EMS, provide alerts on upcoming economic announcements, and jargon-free analysis of their potential market impact. Mark Rogers, Senior Economist for U.S. markets, has over 19 years of experience with the Federal Reserve Bank of Atlanta as an economist and forecaster for national and regional economies.

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Highlights:

  • Overall perspective from latest revisions to third quarter GDP growth 0.21
  • Demand growth sluggish despite headline GDP 1.40
  • Employment report: jobs surprise on the high side 2.13
  • Boost in jobs a positive for the consumer sector 2.45
  • Consumer sentiment report shows strong improvement 2.56
  • What are the implications on consumer spending moving forward for the holidays? 3.45
  • Read on employment report on income: what does it tell us for November? 4.32
  • Motor vehicle sales should boost consumer durable spending 5.25
  • Thoughts on manufacturing sector 6.00
  • Manufacturers seem optimistic, boost in hiring 6.28
  • Fed tapering: will it happen on December 18th or next year? 7.05
  • Fed basing taper talk discussion in part on a threshold of 6.5 percent unemployment 7.20
  • Low unemployment may boost fears of high wage inflation 8.00
  • Fed “doves” still likely to dominate December 17-18 FOMC 8.40
  • Thoughts on markets’ reactions to Fed taper talk 9.35
  • Fed stays concerned on how well the markets adjust to Fed policy 12.10