October 16, 2017— On Thursday, the European Union (EU) and UK concluded their fifth round of Brexit negotiations. At this point—sixteen months since the Brexit referendum vote—six months since the invocation of Article 50 (to formally start the two-year clock for Brexit negotiations)—and several rounds deep into negotiations—one would think the two sides would have made more progress on key issues.
October 6, 2017— The employment report for September reflected continued underlying strength in the U.S. labor market, but also a significant impact from the multiple hurricanes that month. On balance, we are encouraged by the continued strength, and especially by the return of stronger wage growth that is supportive of our positioning. Next month, we expect to see a reversal of some of these storm impacts.Headline job losses of 33,000 were a result of the storms in our view.