Consumer Prices Rose 0.6% Last Month and 5% Over the Past Year… Core inflation rose 0.7% for the month, 0.1% more than headline inflation and 3.8% over last year. What it means— Cars were the ...
Market Commentary – June 9 2021
Pulling the economy out of the shed. If you’ve ever stored tools or machinery in a shed or garage for an extended period of time, you know they often need some care and repair to function properly. ...
Week In Review – June 7 2021
The U.S. Economy Created 559,000 Jobs in May, Missing Expectations of 664,000… The unemployment rate unexpectedly dropped from 6.1% to 5.8%. What it means— Missing the estimate by around 100,000 ...
Week In Review – June 1 2021
Fed Governors Say It’s Almost Time for Talking About Tapering… In several speeches, different Federal Reserve governors noted that the pace of economic growth would lead to discussions on tapering ...
Week In Review – May 24 2021
Federal Reserve Minutes Spook the Markets… The Federal Reserve released the minutes from its April meeting. While the bankers appeared to take a balanced view of the economy, already-nervous investors ...
Week In Review – May 17 2021
CDC Lifts All Restriction Guidelines on Those Who Are Vaccinated… The CDC updated its guidelines to remove mask and social distancing requirements for people who have been vaccinated against ...
Week In Review – May 10 2021
U.S. Economy Created 266,000 Jobs in April, Well Below Forecast… Analysts forecast that the economy would create more than one million jobs. The unemployment rate ticked up slightly from 6.0% to ...
Week In Review – May 3 2021
First-Quarter GDP Up 6.4%… This was the second-fastest GDP growth since 2003, trailing only the third quarter of last year after the disastrous second quarter of 2020. What it means— The median ...
Week In Review – April 26 2021
Initial Jobless Claims Fall to 547,000… For the second consecutive week, less than 600,000 people filed for initial jobless benefits. What it means— Before the pandemic, the record high for initial ...
Week In Review – April 19 2021
Federal Reserve Chair Powell Provided Guidance, Will Taper Bond Purchases Before Raising Rates… When speaking to the Economic Club of Washington about reducing bond purchases, Powell said, “That would ...