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Cleveland Financial Group

108 North Main Street, Rear Building
Mansfield, OH 44902
Phone: 419-522-4333
Fax: 419-522-3303
Email: chuck.hahn@lfg.com

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Our Location

Cleveland Financial Group

108 North Main St., Rear Building
Mansfield, OH 44902
ph: 419.522.4333
fax: 419.522.3303
chuck.hahn@lfg.com

Latest News

Financial and Economic Brief - Mar. 21, 2017

• Factory Production Rose in February - According to the Federal Reserve, U.S. factory production rose 0.5% in February from January with factories producing more autos, steel and computers.

• Short Term Rate Rises - The Fed raised a key short-term interest rate last week by a quarter-percentage point to a new range of 0.75% to 1.00%.

• U.S. Stocks Unchanged - U.S. stocks to open unchanged as investors processed the G20's decision to abandon a pledge to keep global trade free and open due to an "increasingly protectionist United States" after the recent two-day meeting failed to produce a compromise.

Financial and Economic Brief - Mar. 14, 2017

• Wholesale Inventories Fall - According to the U.S. Commerce Department, U.S. wholesale inventories fell 0.2% in January, the biggest fall since February 2016.

• New Mortgages are Riskier - Riskier borrowers are making up a larger percentage of new mortgages, pushing up delinquencies and increasing concerns about an “eventual spike” in defaults.

• Borrowers Move before Rate Hike - Emerging market borrowers such as Turkish banks and countries have hurried to raise money on dollar bond markets in 2017, trying to “get ahead” of the U.S. Federal Reserve’s interest rate increases.

Financial and Economic Brief - Mar. 7, 2017

• Job Claims Dropping - According to the Labor Department, initial claims for state unemployment benefits dropped 19,000 to a seasonally adjusted 223,000 for the week ended February 25.

• Interest Rates Expected to Rise - Federal Reserve Chair Janet Yellen signaled last week that if the economy 'stays on track for the next few weeks', a rate hike would likely come at the March 14-15 Fed meeting.

• GM to Sell Opel and Vauxhall to PSA - The London Stock Exchange's (LSE) merger with Deutsche Boerse is uncertain after the LSE determined it couldn't observe certain conditions imposed by regulators.

Financial and Economic Brief - Feb. 28, 2017

• Peso Up Over 5% - In February, Mexico's peso has turned out to be one of the best performers in the world, up over 5%.

• U.S. Jobless Claims Up - According to the Labor Department, claims for state unemployment benefits increased 6,000 to a seasonally adjusted 244,000 for the week ended February 18.

• Doubts Over LSE and Deutsche Boerse Merger - The London Stock Exchange's (LSE) merger with Deutsche Boerse is uncertain after the LSE determined it couldn't observe certain conditions imposed by regulators.

Financial and Economic Brief - Feb. 21, 2017

• U.S. Household Debt on the Rise - According to the New York Federal Reserve's quarterly report, household debt in the U.S. totals $12.58 trillion, the highest level since 2008.

• March Interest Rate Hike, Probable - Last week, Federal Reserve Chair Janet Yellen informed Congress that a March interest rate hike is being considered.

• Oil Prices on the Rise - Oil prices are on the rise today, as investor optimism over the effectiveness of production cuts encouraged 'record bets' on a continuation of price increases.

Financial and Economic Brief - Feb. 14, 2017

• U.S Import Prices Rise - According to the Labor Department, U.S. import prices increased 0.4% in January and 0.5% in December.

• OPEC Production Cuts a Success - The International Energy Agency (IEA) reported on Friday that OPEC achieved 90% on its share of production cuts in January totaling 1.8 million barrels per day.

• World Stocks Rise - World stocks and bond yields rose today, lifted by investors who are betting that President Trump’s tax reform plans will help economic growth and corporate profits.