The U.S. economy is showing a strength and durability that other major nations can only envy.
Volatility has returned to the financial markets in recent weeks amid rising concerns about the strength of global growth, especially in Europe, and the path of Fed tightening.
The latest round of economic releases continues to confirm a picture of a strengthening and broadening activity suggestive of a self-supporting expansion.
The U.S. economy appears to be sustaining its renewed momentum, and it is hard not to be optimistic given recent developments.
The U.S. economy is snapping back with the latest government estimate showing GDP rising 4.0% in the second quarter.
U.S. November job gains far exceeded expectations rising by 321,000 which is the most since January 2012.
Yes, there are still a few weeks left in the year, but so far the leading candidate for biggest currency loser in 2014 among major economies looks to be taken by the Russian ruble."
The nerve-racking V-shaped performance of the stock market in October, when the S and P plunged by nearly 10% but then recovered by month-end to a new all-time high, has given way to a more docile period.
The foregoing information is provided as a courtesy to our clients and friends of City National Bank (CNB) for their consideration. Unless otherwise stated, opinions expressed are those of the respective authors and not necessarily those of CNB and the information is provided without warranty.
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