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
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 final 2023 readings on consumer and producer prices painted a mixed picture on the state of inflation. True, the reports did not change the narrative that
The nation created an estimated 216,000 jobs in December. That total exceeded the consensus expectation of 171,000 and was the best figure since the September
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
The U.S. inflation situation continues to improve. This was evident in the November Personal Income and Outlays report from the Bureau of Economic Analysis
Treasury market yields continue to fall. The yield on the 10-year Treasury note, which is used as a proxy for various longer-term rates, recently dropped to 3
The nation created an estimated 199,000 jobs in November. That figure exceeded the consensus forecast and was at a level indicative of a still-tight labor
Inflation continues to trend in the right direction. The Personal Consumption Expenditures (PCE) Price Index, which is the assessment of the inflation situation
Treasury market yields pulled back notably in November, including the benchmark 10-year note. The cause was recent moderation in inflationary pressures (October
The nation’s economy has proven resilient so far this year, and a much-feared recession has yet to materialize. Gross domestic product (GDP) has managed to
