Clarksville Weekly Market Snapshot from Frazier Allen for the week of March 11th, 2015
Clarksville, TN – The economic data were mixed, but the February Employment Report was stronger than expected. Nonfarm payrolls rose by 295,000 (±105,000), with a revision to January of -18,000. The BLS indicated that the payroll survey missed most of the bad weather that hit last month.
The household survey showed that 328,000 could not make it to work due to bad weather, which is about average (it was 601,000 in February 2014). Average weekly hours held steady (no weather impact).
Frazier Allen
Clarksville’s Jacob Fendley granted Founding Membership into American Association of Premier DUI Attorneys
Clarksville, TN – Jacob Fendley of Clarksville, Tennessee was recently granted Founding Membership into the American Association of Premier DUI Attorneys after the Association confirmed that he has the skills, knowledge, training, tools, resources, and strategies that are needed to successfully resolve and win DUI cases.
Jacob Fendley
Altra Federal Credit Union becomes Clarksville-Montgomery County Green Certified
Montgomery County, TN – Altra Federal Credit Union is the latest business to become Clarksville-Montgomery County Green Certified.
City of Clarksville Mayor Kim McMillan and Chamber of Commerce Director Melinda Shepard joined Altra team members for their green ribbon cutting.
Altra Federal Credit Union green ribbon cutting ceremony.
Altra Federal Credit Union will host Home Buying After Hours Mixer on March 10th, 2015
Clarksville, TN – Altra Federal Credit Union will host a free Home Buying After Hours Mixer on Tuesday, March 10th, 2015, from 5:30pm to 7:00pm at The Belle Hollow located within Miss Lucille’s Marketplace at 2231 Madison Street – Clarksville, TN.
“If you are planning to buy your first home and are unsure of where to begin, or experienced in home buying looking for new information and financing options, this is the perfect event for you to attend,” said Dennis Herricks, Vice President of Real Estate Lending for Altra Federal Credit Union. [Read more]
Appleton Harley Davidson earns Clarksville-Montgomery County Green Certification
Montgomery County, TN – Appleton Harley Davidson, celebrated their Clarksville-Montgomery County Green Certification.
Montgomery County Mayor Jim Durrett, City of Clarksville Chief of Staff Charlie Gentry, Chamber of Commerce Director Melinda Shepard, and CMC Green Certification Steering Committee Members Stephen James and Daryl Prater attended their green ribbon cutting.
Clarksville-Montgomery County Green ribbon cutting for Appleton Harley Davidson.
Avanti Manufacturing becomes Clarksville-Montgomery County Green Certified
Montgomery County, TN – Avanti Manufacturing is one of the latest organizations to become Clarksville-Montgomery County Green Certified.
City of Clarksville Mayor Kim McMillan, Chamber of Commerce Director Melinda Shepard, Bi-County Landfill Director Pete Reed and CMC Green Certification Steering Committee Member Daryl Prater attended their green ribbon cutting to congratulate Avanti on earning their certification.
Green ribbon cutting for Avanti Manufacturing.
Clarksville Weekly Market Snapshot from Frazier Allen for the week of March 1st, 2015
Clarksville, TN – Greece’s reform proposals were accepted by European finance ministers, effectively kicking the can down the road for another four months.
In her monetary policy testimony, Fed Chair Janet Yellen signaled that the Fed will begin to consider raising short-term interest rates on a meeting-by-meeting basis. Before then, the Fed will change its forward guidance (currently, the language suggests that the Fed can be “patient” in deciding when to raise rates).
Frazier Allen
Clarksville Photographer Earns Prestigious Award
Clarksville, TN – Daphne Treadway of Daphne’s Portrait Design in Clarksville, TN, recently had the honor of being presented with the prestigious Kodak Gallery Award for photographic excellence.
Daphne Treadway with her Kodak Gallery Award for photographic excellence.
Clarksville Weekly Market Snapshot from Frazier Allen for the week of February 22nd, 2015
Clarksville, TN – The minutes of the January 27th-28th Federal Open Market Committee meeting showed officials continuing to make preparations for policy normalization.
There was some debate about the risks of moving either too late or too soon. “Several” Fed officials feared that waiting too long to raise rates would risk higher inflation, but “many” (which in Fedspeak, is more than “several”) worried that a premature increase in rates could dampen the economic recovery and leave the Fed with limited options to correct course.
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of February 15th, 2015
Clarksville, TN – As expected, U.S. financial market participants kept a close eye on developments in Europe. A fragile ceasefire agreement was reached in Ukraine (but we’ve seen that before). Negotiations to reduce austerity in Greece and restructure the country’s debt broke down without making much progress, but the two sides agreed to try again next week.
Retails sales were softer than expected in January and consumer sentiment fell unexpectedly in the mid-February assessment, leading to some concerns about the strength of consumer spending, but also fueling expectations that the Fed will delay its initial increase in short-term interest rates. Unadjusted core retail sales fell 24.9%, the same decline as in January 2014.
Frazier Allen
