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 – February 12 2024
Federal Reserve Chair Jerome Powell Gives Interview on Television Show 60 Minutes… Powell discussed where we are in the monetary cycle and the forecasts of the voting members of the Federal Open ...
Week In Review – January 30 2024
U.S. Fourth Quarter Grows at 3.3% on an Annualized Basis… Not counting the pandemic, the third quarter of 2023 at 4.9% and the fourth quarter at 3.3% were the strongest back-to-back quarters since ...
Week In Review – January 23 2024
Retail Sales Jumped 5.6% Last Year, Were Well Above Inflation at 3.4%… A strong holiday season ended the year with sales up 0.6%. What it means— The good news is that while consumers have soured on ...
Week In Review – January 15 2024
Consumer Price Index up 0.3% in December, up 3.4% Over Last Year… Core inflation rose 0.3% over the month and 3.9% for the year. What it means— Consumers are ticked off. While average weekly ...