The Federal Reserve Held Rates Steady but Warned of Further Rate Hikes…The central bankers left the overnight rate in a range of 5% to 5.25% but suggested they will raise rates later this year if ...
Week In Review – June 12 2023
Initial Jobless Claims Jumped 28,000 to Two-Year High of 261,000… More than 11,000 of the increase was in just two states, California, and Ohio. What it means— With tech company layoffs, California ...
Week In Review – May 30 2023
Debt Ceiling Kabuki Theater Continues with Congressional House and Presidential Administration Negotiators Reportedly Close to a Deal, but it’s not Finalized… Media outlets claim the two sides are ...
Week In Review – May 8 2023
The U.S. Economy Created 253,000 Jobs in April, Well Above the Estimate of 180,000… The unemployment rate remained unchanged, at 3.4%. What it means— It’s time for revisionist history. While the ...
Week In Review – April 24 2023
March Existing Home Sales Down 2.4% From February, Down 22% Over Last Year… Existing home sales fell more than expected, as mortgage rates inched higher and supply remained low. What it means— It’s ...