The latest price and labor data did not change the narrative about the Federal Reserve’s likely near-term monetary policy course. The consensus view is that the
The Federal Reserve has received a number of key reports ahead of its late-September Federal Open Market Committee (FOMC) meeting. The central bank, which said
The Federal Reserve has maintained its hawkish monetary policy stance. This was evident in the release of the minutes from the July Federal Open Market
The U.S. inflation situation remains unsettled. True, the July increases for the Consumer Price Index (CPI) and the core-CPI, which excludes the food and energy
The nation added 187,000 nonfarm payroll positions in July. That figure came in short of the consensus expectation of 200,000 and was accompanied by respective
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
