Personal Consumption Expenditures Index Rose 0.3% in January… Excluding food and energy, the Personal Consumption Expenditures Index (PCE) rose 0.4%. What it means— Trailing energy prices gave ...
Week In Review – October 2 2023
Government Shutdown was Set for Saturday Night... Until the House authorized spending, the federal government was to shut down at the end of the fiscal year on September 30. What it means— A 45-day ...
Week In Review – March 6 2023
Fedspeak Weighs on Markets in Both Directions… On Wednesday morning, Minneapolis Federal Reserve President Neel Kashkari said that he is open to raising his terminal rate estimate above 5.4%. On ...
Week In Review – October 3 2022
The Bank of England (BoE) Intervenes to Buy U.K. Government Bonds… After the British pound sterling fell to its lowest level since 1792 and U.K. government bond yields marched higher, the BoE bought ...
Week In Review – March 28 2022
Federal Reserve Chair Powell Said Central Bank Stands Ready to Raise Rates by 0.50% if Necessary... In remarks about fighting inflation, Powell noted that the bankers will do whatever is necessary, ...