The Federal Reserve remains on its “high for longer” interest-rate course. The Federal Open Market Committee (FOMC) kept the federal funds target rate steady at
There have been some positive developments on the consumer inflation front. Specifically, the Consumer Price Index (CPI) was unchanged in May, compared to a 0.3
Minimal progress has been made on inflation thus far in 2024. Indeed, the pace of both consumer and producer (wholesale) price growth remains above the Federal
The minutes from the May Federal Open Market Committee (FOMC) meeting showed that the central bank is not in a rush to reverse course on the monetary policy
Inflation remains relatively high, but there is optimism that it is again starting to move in the right direction. True, April producer prices were stronger
Progress on the inflation front has proven elusive thus far in 2024. True, the April Consumer Price Index (CPI) slowed a bit following a sharp spike in March
The nation added an estimated 175,000 jobs in April. That figure fell well short of both the consensus calling for a 240,000 increase in nonfarm payrolls and
The U.S. gross domestic product (GDP) expanded at an estimated annualized rate of 1.6% in the first quarter, according to the latest government report. That
Stock market volatility picked up in April after a profitable—and at times tranquil—first-quarter performance for equities. The spike in volatility was fueled
The Federal Reserve cannot be thrilled with the latest round of inflation data. Consumer and producer (wholesale) prices both came in above expectations for
The March Consumer Price Index (CPI) report signaled that inflation is still running hot. Specifically, the CPI and the core CPI, which excludes the more
The Federal Reserve held the federal funds rate at 5.25% to 5.50% during its March Federal Open Market Committee (FOMC) meeting. In his post-statement press
