Retail Sales Exceeded Expectations, Fed Governors Reiterated Rates Would Be Higher for Longer… Kansas City, MO, Federal Reserve President Esther George said that it was unlikely the central bank could ...
Week In Review – November 16 2022
Inflation Came in a Little Light in October, Up 0.4% Instead of 0.6%… The annual inflation rate eased from 8.2% to 7.7%, less than the expected 7.9%. This was the lowest inflation reading since ...
Week In Review – November 7 2022
U.S. Economy Created 261,000 Jobs in October, Unemployment Rate Ticked Up From 3.5% to 3.7%… The jobs number was higher than the 205,000 forecast, while the labor force participation rate fell ...
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 24 2022
Existing Home Sales Fell 1.5% in September, Down 23.8% Over Last Year… The 30-year fixed-rate mortgage now costs more than 7%, over double what it was this time last year. What it means— ...