Consumer Credit Rose at a 1.5% Annualized Rate, Down From 3.6% in March… First-quarter credit rose 3.2%, less than the 2.4% rate in the last quarter of 2023. What it means— Easing credit growth ...
Week In Review – May 6 2024
U.S. Economy Created 175,000 Jobs in April…The unemployment rose to 3.9%. What it means— Break out the champagne glasses, but don’t pour it yet. The lower jobs numbers and higher ...
Week In Review – April 30 2024
First-Quarter GDP Growth Slows to 1.6%, Well Below Forecasts… GDP growth dropped 50% from the third quarter, even though prices moved higher. The combination raised the specter of stagflation. What ...
Week In Review – April 22 2024
In Moderated Q&A, Fed Chair Powell Tells Audience It Might Take Longer to Tame Inflation… Powell noted that while inflation had declined significantly since last year, recent data have not given the ...
Week In Review – April 1 2024
New-Home Sales Slipped 0.3% in February to an Annualized Rate of 662,000… The sales rate fell 31.5% in the Northeast. What it means— The median sales price of a new home fell from $414,900 to ...