Deal-hunting Americans shrugged off sky-high inflation on Black Friday, spending in record-breaking numbers online even as brick-and-mortar stores enjoyed the
The consumer will likely move into the spotlight now that the holiday season has arrived. Notably, retail sales rose 1.3%, month over month, in October, which
The October price data may prove to be an inflection point in the battle to tame inflation. The Consumer Price Index (CPI) rose 0.3% and 7.7% on a month-to
The central bank remains on its increasingly restrictive monetary policy course. The Federal Reserve raised the benchmark short-term interest rate by 0.75% at
The nation’s economy expanded by an estimated annualized rate of 2.6% in the third quarter. That followed two quarters of contraction and lifted sentiment about
The Federal Reserve remains the elephant in the room for Wall Street. That is because investors are still worried that the central bank may have raised the
The Internal Revenue Service has increased the amount individuals can contribute to their 401(k) plans in 2023 to $22,500, up from $20,500 for 2022. The IRS has
Inflation remains elevated and has shown minimal signs of easing. This was evident in the September reports on producer (wholesale) and consumer prices. Indeed
The nation added 263,000 jobs in September. In total, nonfarm payrolls increased by more than 3.75 million positions during the first nine months of 2022
The Federal Reserve’s increasingly restrictive monetary policies and resultant higher Treasury market yields have not been good for stocks for the most part. Th
