The economy seems to be holding up reasonably well, despite a challenging backdrop. According to the advance estimate, gross domestic product (GDP) rose at an
The consumer sector remains the main cog in the continued economic expansion. Supported by a still tight labor market, which has seen a series of weekly initial
The inflation outlook continues to improve. This was reflected in the June price data, which showed slowing growth on both the consumer and producer (wholesale)
The nation added 209,000 nonfarm payroll positions in June, bringing the estimated total number of jobs created during the first half of 2023 to 1.67 million. T
Inflation is trending in the right direction. This was exhibited in the Labor Department’s report on May personal income and spending. Specifically, the
The Federal Reserve is expected to resume raising the benchmark short-term interest rate at this month’s Federal Open Market Committee (FOMC) meeting. Chairman
The Federal Reserve opted for a pause on interest-rate hikes at its mid-June Federal Open Market Committee (FOMC) meeting. The central bank, aided by May price
Inflation showed signs of cooling last month. The Consumer Price Index (CPI) increased a modest 0.1% in May. On a 12-month basis, the CPI was up 4.0%, again
The nation created 339,000 jobs in May. That figure handily exceeded the consensus forecast of 190,000 and pushed the total number of jobs added through the
A deal in principle to suspend the debt ceiling limit was reached in late May and appeared on track to be enacted as we went to press. Assuming passage, the
