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— ...
Week In Review – October 17 2022
Consumer Prices Up 0.4% in September, up 8.2% Over Last Year… Core inflation excluding food and energy rose 6.6% over last year. What it means— Headline inflation dropped again in September, but ...
Week In Review – October 10 2022
The U.S. Created 263,000 Jobs in September… The unemployment rate fell slightly, to 3.5%. What it means— That’s not what investors wanted. A weak jobs report would have supported the notion of a ...
Week In Review – October 3 2022
The Bank of England (BoE) Intervenes to Buy U.K. Government Bonds… After the British pound sterling fell to its lowest level since 1792 and U.K. government bond yields marched higher, the BoE bought ...