The negative impact of tariffs on consumer prices has yet to be seen. True, the last mile in the Federal Reserve’s effort to bring inflation closer to its
The nation’s economy has been flashing mixed signals lately. On a positive note, GDP (gross domestic product) expanded at an annualized rate of 3.0% during the
The Federal Reserve held the federal funds rate steady, in the range of 4.25% to 4.50%, at its July monetary policy meeting. This marked the fifth-consecutive
The nation’s gross domestic product (GDP) likely rebounded in the second quarter. (Note that the Commerce Department was scheduled to release its initial
Progress on the inflation front has stalled a bit. This was reflected in the June Consumer Price Index (CPI), which showed an uptick in the pace of price growth
The June employment report exceeded expectations. Indeed, the nation added an estimated 147,000 jobs last month, easily surpassing the consensus forecast of 110
Inflation increased modestly in May. The Personal Consumption Expenditures (PCE) Price Index, the assessment of inflation most closely watched by the Federal
The Federal Reserve took a slightly more hawkish stance at its June Federal Open Market Committee (FOMC) meeting. That included a continued pause on the
The Federal Reserve held the federal funds rate steady, at 4.25%-4.50%, during the June monetary policy meeting. Although price growth continues to moderate
The nation added an estimated 139,000 jobs in May. That figure was better than the consensus forecast of 125,000 positions, and the unemployment rate was
The inflation outlook continues to improve. The Personal Consumption Expenditures (PCE) Price Index, the assessment of inflation most closely tracked by the
First-quarter earnings season is now in the rearview mirror. For the three-month period, profit growth for the S&P 500 companies averaged around 13%. That
