Weekly Update 10/11/2024: US Economy Remains Resilient as Earnings Season Kicks Off
Underlying US inflation rose more than forecast in September, representing a pause in the recent progress toward moderating price pressures.
Weekly Update 10/04/2024: US Economy Adds More Jobs in September than Expected While Unemployment Rate Moves Lower
US job growth last month topped all estimates, the unemployment rate unexpectedly declined, and wage growth accelerated, reducing the odds the Federal Reserve will opt for another big interest-rate cut in November.
Weekly Update 09/20/2024: Fed Cuts Rates by a Half Point to Support US Economy
US retail sales unexpectedly rose in August, supported by online purchases that masked more mixed results at other merchants.
Weekly Update 09/13/2024: Inflation Figures Point to Rate Cut
The Bureau of Labor Statistics (BLS) reported on Wednesday that the headline consumer price index (CPI) rose 2.5% in August from a year-earlier, below the 2.9% figure in July.
Weekly Update 08/30/2024: Inflation Remains Mild
The Commerce Department reported Monday that orders for durable goods for July, which are items meant to last at least three years, rose 9.9%. Excluding transportation equipment, orders fell 0.2%.
Weekly Update 08/16/2024: Consumer and Producer Prices Paint Benign Inflation Picture
According to the Bureau of Labor Statistics, U.S. producer prices for July rose 0.1% from a month earlier. The median forecast in a Bloomberg survey of economists called for a 0.2% gain.