Consumer Prices Jump 0.8% in November, Up 6.8% Over Last Year…Inflation reached a 40-year high last month as prices rose for almost everything. What it means—You know things are weird when ...
Week In Review – November 29 2021
Build Back Better Act Passes House…The U.S. House of Representatives passed the $1.85 trillion reconciliation bill, which now goes to the Senate. What it means— Representatives held off on voting ...
Week In Review – November 23 2021
Retail Sales Increase 1.7%...Consumer spending remains strong even as stimulus effects fade. What it means— There’s no doubt that consumers are still ordering goods with abandon, as is evidenced by ...
Week In Review – November 8 2021
The U.S. Economy Created 531,000 Jobs in October… The unemployment rate fell from 4.8% to 4.6%. What it means— There was good news almost across the board in the jobs report, as payrolls ...
Week In Review – November 2 2021
GDP Growth Slowed to 2% in Third Quarter… After expanding at a 6.7% annualized rate in the second quarter, GDP growth slowed dramatically. What it means— The actual number split the difference ...