Initial Jobless Claims Turn Up, Continuing Claims Reach 1.71 Million, Highest Level Since February… Initial jobless claims inched up from 216,000 last week to 225,000. What it means— The initial ...
Week In Review – December 19 2022
Federal Reserve Raises Rates 0.50%, Promises More Rate Hikes on the Way… The central bank reiterated its intention to raise rates in 2023, thereby weighing on economic growth. What it means— It’s ...
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 ...
Week In Review – September 19 2022
Inflation Increases by 0.1% Instead of Falling Slightly as Expected… The monthly inflation rate increased, but the annual inflation rate eased from 8.5% to 8.3% while the core annual inflation rate ...
Week In Review – August 15 2022
Consumers Prices Remained Flat in July, Annual CPI Dipped From 9.1% to 8.5%… The Labor Department reported that the inflation rate fell from a 41-year high last month. Core prices excluding food and ...