Economic Beat Hub
How will current market developments affect you? The thought leaders at Fifth Third Bank can help make sense of it all. Listen to the Economic Beat as they discuss what happened last week and what they expect will be the focus of this week. Click the button below to listen or read the transcript to this week's Economic Beat.
Past Economic Beats
September 14, 2020
S&P 500 Index Lower for Second Straight Week
U.S. equities fell last week, sending the S&P 500 Index lower for a second straight week, the first back-to-back weekly declines for the benchmark index since late April/early May.
August 31, 2020
Fed Shifts to More Flexible Inflation Approach
U.S. equities rose last week as investors were encouraged by COVID-19 vaccine optimism and an announcement from Federal Reserve Chair Jerome Powell on a shift to a more flexible inflation approach.
August 24, 2020
Unemployment Levels Lowest Since Early April
U.S. COVID-19 cases declined last week, vaccine development continued to progress, and economic releases were favorable—all supportive of a good outcome in equity markets last week. And unemployment claims went up unexpectedly by 135,000 for the week ending August 15th to a seasonally adjusted 1.1 million.
August 17, 2020
Stimulus Measures, Vaccine Optimism, and Positive Economic Data
Tailwind of massive stimulus measures, vaccine optimism, and positive economic data drove markets last week. And presumptive Democratic nominee Joe Biden’s selection of Sen. Kamala Harris (D-Calif.) as his running mate seemed to have little impact on market sentiment.
August 10, 2020
Strong Economic Data, Shrugging Off Relief Package Stalemate
The White House and congressional Democrats remained far apart in relief package negotiations last week, and tensions continued to flare up between the U.S. and China—though markets largely ignored this concern.
August 3, 2020
Second-half Uncertainty Leading to Investor Caution
Vaccine optimism overshadowed a continued uptick in coronavirus infections and the re-imposition of some mitigation measures. In addition, consensus expectations continued to revolve around a fifth coronavirus relief package that could address some of the dampened recovery momentum.
July 27, 2020
Investors Wary of Economy's Ability to Rebound
U.S. equities snapped a three-week winning streak, falling amid investor concerns about rising tensions between the U.S. and China, along with continued worries about the economic recovery. The U.S. dollar slid to its weakest level since January.