Chair Powell to the Markets: ‘I Really Mean It’ … At the Economic Club of Washington, D.C., Fed Chair Powell said the Federal Open Market Committee members think that they need to increase rates more ...
Week In Review – February 6 2023
The US economy created 517,000 jobs in January, while unemployment dropped to 3.4%... The Bureau of Labor Statistics reported that jobs growth far outpaced the expected 188,000 and revised the ...
Week In Review – January 16 2023
Consumer Prices Fell 0.1% Last Month and Are Up 6.5% Over the Last Year…The numbers were right in line with expectations. What it means— The cost of goods fell, led lower by gasoline, while prices ...
Week In Review – January 9 2023
The U.S. Economy Created 223,000 Jobs in December, Beating the Estimate of 202,000… The unemployment rate ticked lower, from 3.7% to 3.5%, which matched the low reading of the 2010s and was the lowest ...
Week In Review – December 19 2022
Federal Reserve Raises Rates 0.50%, Promises More Rate Hikes on the Way… The central bank reiterated its intention to raise rates in 2023, thereby weighing on economic growth. What it means— It’s ...