Consumer Prices Rose 0.2% in July, Are Up 3.2% Over Last Year… Core inflation also rose 0.2% last month and is up 4.7% over last year. What it means— Annual inflation rose a bit last month while ...
Week In Review – August 7 2023
U.S. Economy Created 187,000 Jobs in July, Almost Exactly the Forecast of 200,000… The unemployment rate ticked a bit lower, from 3.6% to 3.5%. What it means— The jobs numbers were a nothingburger, ...
Week In Review – July 31 2023
Federal Reserve Raises Rates 0.25%, to a Range of 5.25% to 5.50%… The Federal Open Market Committee (FOMC) did what everyone expected, raising rates by 0.25% and declaring that they are data ...
Week In Review – July 24 2023
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— ...