GDP Expanded by 2.9% in the Fourth Quarter, is up 2.2% for the Year… Personal consumption increased 2.1% last quarter and businesses added to inventory. Fixed residential investment dropped. What ...
Week In Review – November 1 2022
Third-Quarter GDP Rose 2.6%, Led by a Shrinking Trade Gap… Imports fell 6.9% while exports rose 14.4%, contributing 2.8% to the quarterly GDP growth. What it means— Third-quarter GDP growth wasn’t ...
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 – August 2 2022
The Federal Reserve Raised the Overnight Federal Funds Rate to a Range of .25% to 2.50%… Investors expected the move and the monetary policy statement didn’t change much, but the markets soared after ...
Week In Review – June 27 2022
Fed Chair Powell Says Fed Efforts Might Push Economy into Recession... In testimony before the Senate Banking Committee, Powell said that it is getting harder to engineer a soft landing. What it ...