Did you miss our 2nd Quar­ter eco­nom­ic update webi­nar? Well it is your lucky day! A free down­load is avail­able now. 

Over­all, the U.S. Econ­o­my con­tin­ues to improve but appears to have hit a soft patch.  Some lead­ing indi­ca­tors were frac­tion­al­ly pos­i­tive, many stayed more or less the same and a few turned slight­ly neg­a­tive.  Addi­tion­al­ly, the Fed is pro­vid­ing addi­tion­al infor­ma­tion on its bond buy­ing pro­gram, hint­ing at taper­ing, but being coy about what met­rics beyond the infla­tion and unem­ploy­ment rates it will be mon­i­tor­ing.  Recent infor­ma­tion from var­i­ous Fed Gov­er­nors has added to the dis­cus­sion and gen­er­al­ly points to the Fed con­tin­u­ing their bond pur­chase pro­gram through the end of the year and then taper­ing the amount of bonds they pur­chase over time.  The Fed is not about to exit any­time soon and will con­tin­ue to sup­port eco­nom­ic growth as it sees fit well into 2015.         

Cur­rent­ly, while we see a slow­ing in the U.S. Eco­nom­ic sit­u­a­tion, we con­tin­ue to believe this is a short term con­di­tion and our econ­o­my will con­tin­ue to expand into the end of 2013 and the start of 2014.  Inter­na­tion­al­ly, while some economies are show­ing signs of improve­ments (Ger­many and France) oth­er Euro­pean economies and emerg­ing economies appear to be tread­ing water or los­ing ground to reces­sion­ary pres­sures.  It will take longer for the glob­al economies to emerge from reces­sion. Read our full Eco­nom­ic Update post here.