The Personal Consumption Expenditures Index Eased From 3.4% in September to 3.0% in October… The core Personal Consumption Expenditures Index (PCE), the Fed’s preferred inflation gauge, dropped from ...
Week In Review – October 30 2023
Third-Quarter U.S. GDP Grew at an Annualized Rate of 4.9%… In a surprise to many economists (but not the Atlanta Federal Reserve GDPNow model), the U.S. posted some of the best numbers in a decade, ...
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 – September 4 2023
The U.S. Economy Created 187,000 Jobs in August… The unemployment rate rose a bit, from 3.5% to 3.8%. What it means— It’s all about the revisions this month. The U.S. Bureau of Labor Statistics ...
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 ...