Consumer Prices Rose 0.2% in July, Are Up 3.2% Over Last Year… Core inflation also rose 0.2% last month and is up 4.7% over last year. What it means— Annual inflation rose a bit last month while ...
Week In Review – August 7 2023
U.S. Economy Created 187,000 Jobs in July, Almost Exactly the Forecast of 200,000… The unemployment rate ticked a bit lower, from 3.6% to 3.5%. What it means— The jobs numbers were a nothingburger, ...
Week In Review – July 31 2023
Federal Reserve Raises Rates 0.25%, to a Range of 5.25% to 5.50%… The Federal Open Market Committee (FOMC) did what everyone expected, raising rates by 0.25% and declaring that they are data ...
Week In Review – July 24 2023
Consumer Sales Up a Modest 0.2% in June… Forecasters expected retail sales to expand 0.5%. What it means— Retail sales dropped at gas stations, which is good for consumers, but even without that, ...
Week In Review – July 10 2023
Federal Reserve Chair Jay Powell Tells Financial Stability Conference Audience That Interest Rates Are not in Balance yet… Powell told the audience that as the Fed raises rates, the risk of overdoing ...