The Federal Reserve is expected to resume raising the benchmark short-term interest rate at this month’s Federal Open Market Committee (FOMC) meeting. Chairman
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 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
