The Federal Reserve Held Overnight Rates in a Range of 5.25% to 5.50%... The Federal Open Market Committee (FOMC) held rates steady and gave no strong hints as to when rates would drop. What it ...
Week In Review – May 28 2024
Fed Minutes of April-May Meeting Show Bankers Willing To Raise Rates… The bankers noted that while inflation had eased, it wasn’t making much progress toward the Fed’s 2% goal. What It Means— ...
Week In Review – May 20 2024
Consumer Price Index Up 0.3% Last Month, Up 3.4%Over Last Year… While still well above the Fed’s 2% target, inflation appears to be falling slowly. What it means— This is where people who are not in ...
Week In Review – May 6 2024
U.S. Economy Created 175,000 Jobs in April…The unemployment rose to 3.9%. What it means— Break out the champagne glasses, but don’t pour it yet. The lower jobs numbers and higher ...
Week In Review – April 22 2024
In Moderated Q&A, Fed Chair Powell Tells Audience It Might Take Longer to Tame Inflation… Powell noted that while inflation had declined significantly since last year, recent data have not given the ...