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Last week, the Citi Economic Surprise Index for the U.S. declined for the first time in fourteen weeks, dating back to June 28. Pushing the index lower was a virtually uninterrupted string of weaker than expected economic reports, beginning with the ISM report on manufacturing activity. Instead of bouncing back to a growth reading as expected, after slipping into contraction in August, the index fell even further as the manufacturing sector remains under pressure from trade policy and sluggish global economic activity. That was followed by an equally surprising slowdown in the service sector activity report, although it continues to grow. But it was the weakest reading in three years. Factory orders also disappointed, and private sector capital goods orders for August were even weaker than indicated in the preliminary estimate. 

Minneapolis – October 07, 2019 – Today Ameriprise Financial, Inc. (NYSE: AMP) announced that Mark Burton, MBA of Dayton, OH and Peter Bazirgan of Providence, RI have joined the firm’s employee channel with a combined $320 million in assets under management.

Minneapolis – October 1, 2019 – Ameriprise Financial (NYSE: AMP) today announced it has completed the sale of De Pere, Wisconsin-based Ameriprise Auto & Home to Madison, Wisconsin-based American Family Insurance Mutual Holding Company (American Family Insurance).