Top-of-mind economic news as we start the week: — U.S. GDP grew at a 2.9% annual rate in the 3rd quarter 2022 (July – Sept.), indicating U.S. economy was not in re
— The Federal Reserve is expected to make smaller interest rate increases starting this Dec., with its key rate now at 3.8% expected to approach 5% in 2023. — For
Top-of-mind economic news as we start the week: — U.S. retail sales surged by 1.3% in October as consumers continued to spend despite inflation. — U.S. existing ho
Top-of-mind economic news as we start the week: — US inflation came in at 7.7% year-over year in October, below estimates. Beef is one of the few goods whose price has f
Top-of-mind economic news as we start the week: — The U.S. added 261,000 jobs in October, significantly above estimates. — The Federal Reserve increased the fed fu
Top-of-mind economic news as we start the week: — US GDP grew at 2.6% in the third quarter, higher than the 2.3% consensus estimate. — Treasury Secretary Janet Yel
Top-of-mind economic news as we start the week: — U.S. industrial production reached its highest level in 14 years in September, according to the Federal Reserve. —
— U.S. inflation remains stubbornly high, with prices up 0.4% in September vs. August and 8.2% higher since Sept. 2021. — The U.S. dollar surged to a 32-year hig
— In August, 263,000 new jobs were created in the U.S. and the unemployment rate ticked down to 3.5%; markets sank on the good news since more interest rate increases ar