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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Private Payrolls Rose By 906,000, But Are Still Down 9 Million Since February
“Private payrolls added 906,000 in October, but ongoing restrictions and a large number of unemployed suggest the recovery remains highly uncertain.” – Robert Hughes
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Initial Claims for Unemployment Benefits Fall Slightly
“Initial claims for unemployment benefits fell slightly and remained below 800,000 for a third week, but risks to the recovery remain.” – Robert Hughes
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Light-Vehicle Sales Ticked Down in October
“Auto sales fell slightly in October but stayed at the lower end of the historical range.” – Robert Hughes
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ISM Services Index Eases Back in October but Still Suggests Expansion
“The services sector expanded again in October, but employment remains weak. Renewed lockdowns and restrictions remain a threat to future growth.” – Robert Hughes
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ISM Manufacturing Survey Posts Strong Results in October
“The ISM Manufacturing survey suggests the sector is recovering strongly from government lockdowns, though some recent strength may be related to stockpiling ahead of potential new lockdowns.” – Robert Hughes
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Consumer Sentiment Remains Subdued in October
“Consumer sentiment remains well below pre-pandemic levels with Covid-19 and extreme political partisanship the main reasons. The economic outlook remains highly uncertain.” – Robert Hughes
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U.S. Economy Posts Record Gain, But Areas of Weakness Persist
“The U.S. economy posted historic growth in the third quarter but remains below pre-pandemic levels. Uncertainty over policies and the upcoming election is keeping risks elevated.” – Robert Hughes
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•
Initial Claims and Continuing Claims for Unemployment Benefits Fall Again
“Initial claims for unemployment benefits remained below 800,000 for a second week but doubts about the recovery continue.” – Robert Hughes
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•
Durable-Goods Orders Rose Again in September
“Manufacturers’ new orders for durable goods rose in September, but growth is uneven across the various sectors and industries of the economy.” – Robert Hughes
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•
New-Home Sales Remain at a High Level
“The single-family housing market remains a bright spot for the economy, supported by low interest rates and rising demand as urbanites move to less dense living areas.” – Robert Hughes
-
•
Private Payrolls Rose By 906,000, But Are Still Down 9 Million Since February
“Private payrolls added 906,000 in October, but ongoing restrictions and a large number of unemployed suggest the recovery remains highly uncertain.” – Robert Hughes
-
•
Initial Claims for Unemployment Benefits Fall Slightly
“Initial claims for unemployment benefits fell slightly and remained below 800,000 for a third week, but risks to the recovery remain.” – Robert Hughes
-
•
Light-Vehicle Sales Ticked Down in October
“Auto sales fell slightly in October but stayed at the lower end of the historical range.” – Robert Hughes
-
•
ISM Services Index Eases Back in October but Still Suggests Expansion
“The services sector expanded again in October, but employment remains weak. Renewed lockdowns and restrictions remain a threat to future growth.” – Robert Hughes
-
•
ISM Manufacturing Survey Posts Strong Results in October
“The ISM Manufacturing survey suggests the sector is recovering strongly from government lockdowns, though some recent strength may be related to stockpiling ahead of potential new lockdowns.” – Robert Hughes
-
•
Consumer Sentiment Remains Subdued in October
“Consumer sentiment remains well below pre-pandemic levels with Covid-19 and extreme political partisanship the main reasons. The economic outlook remains highly uncertain.” – Robert Hughes
-
•
U.S. Economy Posts Record Gain, But Areas of Weakness Persist
“The U.S. economy posted historic growth in the third quarter but remains below pre-pandemic levels. Uncertainty over policies and the upcoming election is keeping risks elevated.” – Robert Hughes
-
•
Initial Claims and Continuing Claims for Unemployment Benefits Fall Again
“Initial claims for unemployment benefits remained below 800,000 for a second week but doubts about the recovery continue.” – Robert Hughes
-
•
Durable-Goods Orders Rose Again in September
“Manufacturers’ new orders for durable goods rose in September, but growth is uneven across the various sectors and industries of the economy.” – Robert Hughes
-
•
New-Home Sales Remain at a High Level
“The single-family housing market remains a bright spot for the economy, supported by low interest rates and rising demand as urbanites move to less dense living areas.” – Robert Hughes