Robert Hughes
Senior Research Faculty
Robert Hughes joined AIER in 2013 following more than 25 years in economic and financial markets research on Wall Street. Bob was formerly the head of Global Equity Strategy for Brown Brothers Harriman, where he developed equity investment strategy combining top-down macro analysis with bottom-up fundamentals. Prior to BBH, Bob was a Senior Equity Strategist for State Street Global Markets, Senior Economic Strategist with Prudential Equity Group and Senior Economist and Financial Markets Analyst for Citicorp Investment Services. Bob has a MA in economics from Fordham University and a BS in business from Lehigh University.
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Consumer Sentiment Remained Weak in November
“Consumer sentiment fell in November and remains at recessionary levels. Inflation expectations ticked down, and long-run expectations remain well anchored.” ~ Robert Hughes
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Weekly Initial Claims Hit a Fourteen-Week High
“Weekly initial claims rose to the highest level since August, and job cut announcements rose in October. Rapid price increases and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes
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New Home Sales Rose in October, But the Outlook Remains Cautious
“New-home sales rose in October, but so did prices and inventory. High prices, bloated inventory, and elevated mortgage rates suggest a poor outlook.” ~ Robert Hughes
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Nominal Durable-Goods Orders Posted a Strong, Broad-based Gain in October
“Durable-goods orders rose in October though growth in real durable-goods orders remains modest.” ~ Robert Hughes
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Housing Collapse Continues
“Existing-home sales fell again in October as reduced affordability pushes buyers out of the market. The outlook for housing is unfavorable.” ~ Robert Hughes
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Housing Market Outlook Darkens as Mortgage Rates Rise
“Single-family housing starts and permits fell again in October as demand continued to weaken. Plunging homebuilder sentiment suggests an unfavorable outlook for housing.” ~ Robert Hughes
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•
Weekly Initial Claims for Unemployment Insurance Remain Stable
“Weekly initial claims fell, and the low level suggests the labor market remains tight. Rapid price increases and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes
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•
Motor Vehicle Production Boosts Manufacturing Output in October
“Industrial-sector output fell in October though motor vehicle production rose. Elevated price pressures, weak consumer sentiment, and an aggressive Fed tightening cycle remain risks. Caution is warranted.” ~ Robert Hughes
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•
Retail Spending Was Strong in October
“Retail spending was strong in October, but the recent inflation-adjusted trend remains weak. Threats to the economy remain significant, and risks remain elevated. Caution is warranted.” ~ Robert Hughes
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•
Consumer Sentiment Declined in Early November
“Consumer sentiment fell in early November and remains at recessionary levels. Inflation expectations ticked up, but long-run expectations remain well anchored.” ~ Robert Hughes
-
•
Consumer Sentiment Remained Weak in November
“Consumer sentiment fell in November and remains at recessionary levels. Inflation expectations ticked down, and long-run expectations remain well anchored.” ~ Robert Hughes
-
•
Weekly Initial Claims Hit a Fourteen-Week High
“Weekly initial claims rose to the highest level since August, and job cut announcements rose in October. Rapid price increases and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes
-
•
New Home Sales Rose in October, But the Outlook Remains Cautious
“New-home sales rose in October, but so did prices and inventory. High prices, bloated inventory, and elevated mortgage rates suggest a poor outlook.” ~ Robert Hughes
-
•
Nominal Durable-Goods Orders Posted a Strong, Broad-based Gain in October
“Durable-goods orders rose in October though growth in real durable-goods orders remains modest.” ~ Robert Hughes
-
•
Housing Collapse Continues
“Existing-home sales fell again in October as reduced affordability pushes buyers out of the market. The outlook for housing is unfavorable.” ~ Robert Hughes
-
•
Housing Market Outlook Darkens as Mortgage Rates Rise
“Single-family housing starts and permits fell again in October as demand continued to weaken. Plunging homebuilder sentiment suggests an unfavorable outlook for housing.” ~ Robert Hughes
-
•
Weekly Initial Claims for Unemployment Insurance Remain Stable
“Weekly initial claims fell, and the low level suggests the labor market remains tight. Rapid price increases and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes
-
•
Motor Vehicle Production Boosts Manufacturing Output in October
“Industrial-sector output fell in October though motor vehicle production rose. Elevated price pressures, weak consumer sentiment, and an aggressive Fed tightening cycle remain risks. Caution is warranted.” ~ Robert Hughes
-
•
Retail Spending Was Strong in October
“Retail spending was strong in October, but the recent inflation-adjusted trend remains weak. Threats to the economy remain significant, and risks remain elevated. Caution is warranted.” ~ Robert Hughes
-
•
Consumer Sentiment Declined in Early November
“Consumer sentiment fell in early November and remains at recessionary levels. Inflation expectations ticked up, but long-run expectations remain well anchored.” ~ Robert Hughes