Retail Sales Fell 1.1% in December, Led Lower by Falling Auto and Gasoline Sales… While retail sales were up 6% in 2022, they ended the year on a down note. What it means— Meh, probably not much. ...
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 – January 3 2023
Initial Jobless Claims Turn Up, Continuing Claims Reach 1.71 Million, Highest Level Since February… Initial jobless claims inched up from 216,000 last week to 225,000. What it means— The initial ...
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 ...