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.

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Past Economic Beats

November 23, 2020

Vaccine Progress Offset by Worsening COVID-19 Rates

News on vaccine progress continued to be upbeat, but was offset by worsening COVID-19 infection rates and increased state and local restrictions across the country to help slow the spread.

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November 16, 2020

Vaccine Announcements Boost U.S. Equities

Pfizer and BioNTech announced their COVID vaccine candidate demonstrated an efficacy rate above 90%, positively impacting U.S. equities.

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November 9, 2020

Major U.S. Equity Benchmarks Rally

Major U.S. equity benchmarks rallied last week, leading the S&P 500 Index to its best weekly performance since April. Vaccine optimism, better-than-expected corporate earnings results, strong economic releases and a commitment to continued support from the Federal Reserve also helped the rally.

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November 2, 2020

Election Week in the United States

It is election week in the United States, and markets are expected focus almost exclusively on the outcome of the presidential election and the races that will determine the control of the Senate.

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October 5, 2020

Markets React to President's COVID Diagnosis

U.S. equities ended higher last week, despite increased volatility and a selloff Friday on news that President Donald Trump and First Lady Melania Trump tested positive for COVID-19.

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September 28, 2020

Election Uncertainty Weighs on Markets

Last week U.S. equities finished mostly lower, with several factors contributing to the decline—including mounting doubts about the likelihood of another fiscal stimulus bill before the election.

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September 21, 2020

Fed chair Jerome Powell Outlines Significant New Policy

Fed chair Jerome Powell outlined a significant new policy framework for the central bank, permitting inflation over two percent for an extended period. And the week’s economic releases were generally disappointing.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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