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Lumber Prices
February 16, 2021
Economy

Lumber futures have climbed 47% over the past three weeks, to within a few dollars of records set in September. Lumber for March delivery ended trading Friday at $982.10 per thousand board feet, more than twice the price a year earlier.

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Budget Deficit
February 12, 2021
Economy

The U.S. budget gap totaled a record $736 billion during the first four months of fiscal 2021, an 89% increase from a year earlier.

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Consumer Expectations
February 10, 2021
Economy

Households’ expected level of spending a year from now surged to 4.2%, the best reading since June 2015 and predict their future incomes would rise by 2.4%, a 0.2 percentage point increase from the prior month and the highest reading since February 2020.

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Minimum Wage
February 9, 2021
Economy

Raising the federal minimum wage to $15 an hour by 2025 could lift 900,000 Americans above the poverty threshold—but the policy would cost 1.4 million Americans their jobs over the next four years, according to a study released by the nonpartisan Congressional Budget.

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Household Savings
January 29, 2021
Economy

Households collectively saved $1.4 trillion in the first nine months of last year, about twice as much as what they saved in the same period a year earlier

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Fed Forecast
January 27, 2021
Economy

The Fed estimates U.S. economic output will grow 4.2% in 2021 and the unemployment rate will drop to 5% by year’s end from 6.7% in December. It sees the jobless rate falling further to 4.2% by the end of 2022.

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Finance Chiefs
January 22, 2021
Economy

Thirty-seven CFOs stepped down from S&P 500 companies, up 27.6% from 2019. The figure for 2020 is higher than the average number of resignations over the past decade, which totaled about 25 a year.

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Restaurant and Bar Jobs
January 13, 2021
Economy

Employers cut 140,000 jobs in December, the first decline since the pandemic hit the country last spring. Job cuts at restaurants and bars drove the drop, as many were forced to close or scale back operations during a nationwide surge in coronavirus cases.

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LIBOR
January 8, 2021
Economy

Global regulators and other authorities have consistently reiterated that USD LIBOR would no longer be available after December 31, 2021, but recently the ICE Benchmark Administration (IBA), signaled to the market that USD LIBOR for the most liquid maturities is now likely to continue to be published until June 30, 2023.

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