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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Gas and Groceries Pull Down the Everyday Price Index in November
“AIER’s Everyday Price Index fell 0.2 percent in November, led by gas and groceries. Effects of the pandemic and government restrictions may impact relative prices in the short term.” – Robert Hughes
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Weekly Initial Claims for Unemployment Benefits Jump to an Eleven-Week High
“Initial claims for unemployment benefits rose again, sustaining doubts about the durability of the recovery.” – Robert Hughes
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More Mixed Signals for Labor Market
“Job openings and layoffs both rose in October, suggesting a mixed picture for the labor market. With new restrictions on the rise, the outlook remains highly uncertain.” – Robert Hughes
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Consumer Credit Rose in October
“Slow consumer credit growth may be a positive for consumers, though weakness in the labor market and increasing restrictions on economic activity are threats to the outlook.” – Robert Hughes
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Slowing Payroll Gains Increase Concern About Recovery
“Private payroll gains slowed sharply in November and renewed restrictions on consumers and businesses increase the probability of more weakness in coming months.” – Robert Hughes
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•
November ISM Services Index Still Suggests Expansion
“The services sector expanded again in November, but renewed lockdowns and restrictions remain a threat to future growth.” – Robert Hughes
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•
Initial Claims for Unemployment Benefits Fall After Two Weekly Increases
“Initial claims for unemployment benefits fell in the latest week but renewed restrictions on businesses and consumers may start to push claims up again in coming weeks and months.” – Robert Hughes
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•
ISM Manufacturing Survey Stayed Strong in November
“The ISM Manufacturing survey suggests continuing recovery from government lockdowns, though reconfigured factories, shutdowns to sanitize, and labor difficulties are challenges.” – Robert Hughes
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•
New Single-Family Home Sales Remain Strong in October
“The single-family housing market remains a bright spot for the economy, supported by low interest rates and strong demand.” – Robert Hughes
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•
Durable-Goods Orders Post Sixth Consecutive Gain
“Manufacturers’ new orders for durable goods rose in October, with some categories at new record highs but renewed government restrictions are threatening the outlook.” – Robert Hughes
-
•
Gas and Groceries Pull Down the Everyday Price Index in November
“AIER’s Everyday Price Index fell 0.2 percent in November, led by gas and groceries. Effects of the pandemic and government restrictions may impact relative prices in the short term.” – Robert Hughes
-
•
Weekly Initial Claims for Unemployment Benefits Jump to an Eleven-Week High
“Initial claims for unemployment benefits rose again, sustaining doubts about the durability of the recovery.” – Robert Hughes
-
•
More Mixed Signals for Labor Market
“Job openings and layoffs both rose in October, suggesting a mixed picture for the labor market. With new restrictions on the rise, the outlook remains highly uncertain.” – Robert Hughes
-
•
Consumer Credit Rose in October
“Slow consumer credit growth may be a positive for consumers, though weakness in the labor market and increasing restrictions on economic activity are threats to the outlook.” – Robert Hughes
-
•
Slowing Payroll Gains Increase Concern About Recovery
“Private payroll gains slowed sharply in November and renewed restrictions on consumers and businesses increase the probability of more weakness in coming months.” – Robert Hughes
-
•
November ISM Services Index Still Suggests Expansion
“The services sector expanded again in November, but renewed lockdowns and restrictions remain a threat to future growth.” – Robert Hughes
-
•
Initial Claims for Unemployment Benefits Fall After Two Weekly Increases
“Initial claims for unemployment benefits fell in the latest week but renewed restrictions on businesses and consumers may start to push claims up again in coming weeks and months.” – Robert Hughes
-
•
ISM Manufacturing Survey Stayed Strong in November
“The ISM Manufacturing survey suggests continuing recovery from government lockdowns, though reconfigured factories, shutdowns to sanitize, and labor difficulties are challenges.” – Robert Hughes
-
•
New Single-Family Home Sales Remain Strong in October
“The single-family housing market remains a bright spot for the economy, supported by low interest rates and strong demand.” – Robert Hughes
-
•
Durable-Goods Orders Post Sixth Consecutive Gain
“Manufacturers’ new orders for durable goods rose in October, with some categories at new record highs but renewed government restrictions are threatening the outlook.” – Robert Hughes