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
Inflation remains stubbornly high. True, the pace of price growth has slowed considerably from the peak rates seen over the last couple of years, but getting to
Corporate America did not disappoint during fourth-quarter earnings season. To summarize, with nearly all of the S&P 500 companies having reported results as of
The latest Consumer Price Index (CPI) reading showed inflation remains sticky. Specifically, the CPI and core CPI, which excludes the more-volatile food and
The nation created an estimated 353,000 jobs in January. That figure beat the impressive December tally of 333,000 and far exceeded the consensus forecast of
Inflation, though still elevated, remains on a downward trajectory. This was evident in the December Personal Consumption Expenditures (PCE) Price Index, which
The consumer sector remains the linchpin in the continued expansion of the U.S. economy. This is not surprising, given the sustained strength of the labor
The Federal Reserve had to be pleased with the progress it made on the inflation front in 2023. True, the year ended with price growth still running above the
