Inflation Jumps to 9. 1%... Core inflation, excluding food and energy, dipped 0.1% to 5.9% over the same time last year. What it means— Higher prices were reported in almost every category, but the ...
Week In Review – June 20 2022
Fed Raised Overnight Rate by 0.75% and Might Do it Again ... The central bankers raised the federal funds rate (FFR) from a range of 0.75%–1.00% to a range of 1.5%–1.75%. What it means— With ...
Week In Review – June 13 2022
Consumer Prices Jumped 1% Last Month and Are Up 8.6% Over Last Year... Inflation came in hotter than expected and reached the highest level since December 1981. What it means— Base effect? What ...
Week In Review – June 6 2022
The U.S. Economy Added 390,000 Jobs in May... The jobs growth beat the consensus estimate of 320,000. The unemployment rate remained steady at 3.6%. Weaker data may arrive soon as technology companies ...
Week In Review – May 24 2022
The Fed Is Willing To Push Unemployment Higher To Fight Inflation... In an interview with the Wall Street Journal, Fed Chair Powell reiterated that the central bank is committed to lowering inflation, ...