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
The U.S. economy is likely headed into recession. Indeed, the Conference Board’s Leading Economic Index (LEI) fell 0.6% in April. This marked the 13th
The April price data showed inflation is moderating. Following an on-trend Consumer Price Index reading, producer (wholesale) price growth also eased last month
The U.S. economy is slowing. True, the first look at the March-quarter gross domestic product (GDP) is expected to show a nice gain, but that will likely prove
The Federal Reserve continues to walk a tightrope in its battle to tame inflation. The central bank has been very aggressive in raising the benchmark short-term
The nation added an estimated 263,000 jobs in November. The better-than-expected tally brought the estimated total jobs created over the first 11 months of 2022
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 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
