Progress on the inflation front has proven elusive thus far in 2024. True, the April Consumer Price Index (CPI) slowed a bit following a sharp spike in March
The nation added an estimated 175,000 jobs in April. That figure fell well short of both the consensus calling for a 240,000 increase in nonfarm payrolls and
The U.S. gross domestic product (GDP) expanded at an estimated annualized rate of 1.6% in the first quarter, according to the latest government report. That
Stock market volatility picked up in April after a profitable—and at times tranquil—first-quarter performance for equities. The spike in volatility was fueled
The Federal Reserve cannot be thrilled with the latest round of inflation data. Consumer and producer (wholesale) prices both came in above expectations for
The March Consumer Price Index (CPI) report signaled that inflation is still running hot. Specifically, the CPI and the core CPI, which excludes the more
The Federal Reserve held the federal funds rate at 5.25% to 5.50% during its March Federal Open Market Committee (FOMC) meeting. In his post-statement press
Inflation remains stubbornly high. True, the pace of price growth has slowed considerably from the peak rates seen over the last couple of years, but getting to
The nation added an estimated 275,000 jobs in February. The tally exceeded both the consensus expectation of 198,000 and the previous month’s figure of 229,000
The Federal Reserve received some positive news in its battle to tame inflation. Although the Personal Consumption Expenditures (PCE) Price Index, the
Corporate America did not disappoint during fourth-quarter earnings season. To summarize, with nearly all of the S&P 500 companies having reported results as of
The pace of price growth accelerated in January, ending the downward trend witnessed during the final months of 2023. Indeed, hotter-than-expected readings on
