Fed Raised Overnight Rate by 0.75% and Might Do it Again ... The central bankers raised the federal funds rate (FFR) from a range of 0.75%–1.00% to a range of 1.5%–1.75%. What it means— With ...
Week In Review – June 13 2022
Consumer Prices Jumped 1% Last Month and Are Up 8.6% Over Last Year... Inflation came in hotter than expected and reached the highest level since December 1981. What it means— Base effect? What ...
Week In Review – September 13 2021
U.S. Businesses Reported 10.9 Million Job Openings, Far Outnumbering the 8.7 Million People Unemployed… Employers claim they can’t find qualified workers, even though millions remain on the ...
Week In Review – June 8 2020
The U.S. Gained 2.5 Million Jobs in May, Trouncing Expectations for Millions More Job Losses… The unemployment rate was expected to jump from 14.7% to 20.5%, but instead it dropped to 13.3%. What ...
Week In Review – July 15 2019
Fed Minutes and Chair Testimony Point to Lower Rates… Fed Chair Jerome Powell testified at the House Banking Committee and the Fed released the minutes of its latest meeting. Both emphasized greater ...