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 17 2023
Consumer Price Growth Slows, Up 0.2% in June and Up 3% Over Last Year… The growth rate was less than expected, and the annual increase was the slowest rate since March 2021. What it means— ...
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 ...
Week In Review – June 29 2023
Federal Open Market Committee Members Show Confusion Over Direction… During House testimony, Fed Chair Powell and several other members of the Federal Open Market Committee (FOMC) indicated in ...
Week In Review – June 20 2023
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 ...