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 nation created 253,000 jobs in April. That figure was well above the consensus forecast of 180,000 nonfarm payroll positions and was accompanied by a drop
The nation’s gross domestic product (GDP) expanded by an annualized rate of 1.1% in the first quarter. That estimated figure was well short of the consensus
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 March price data showed a moderation in headline inflation. On the heels of a benign 0.1% increase in the Consumer Price Index (CPI), the Labor Department’s
Nonfarm payrolls increased by 236,000 in March. That gain, though nominally below the consensus forecast of 238,000, pushed the estimated total number of jobs
The Federal Reserve received some welcome news on the inflation front. The Personal Consumption Expenditures (PCE) Price Index, the measure of inflation most
The Federal Reserve remains on its monetary policy tightening course. At the March Federal Open Market Committee (FOMC) meeting, the central bank raised the
Inflationary pressures seem to be gradually waning. The Consumer Price Index (CPI) showed prices rose 6.0% during the month of February, year over year, which
The Federal Reserve is monitoring another troublesome situation in addition to its now year-long battle to tame inflation. The central bank has deployed its
