Weekly Update 6/30/2023: Fed's Preferred Measure of Inflation Continues to Cool as US Economy Remains Resilient With Consumer Confidence High
The Federal Reserve's preferred measures of US inflation cooled in May as consumer spending moderated...
Weekly Update 6/2/2023: U.S. Consumer Confidence Remains High as Debt Ceiling Issue is Resolved and Employment Remains Healthy
The US labor market sent conflicting signals in May as payrolls surged along with joblessness, giving Federal Reserve officials more reason to pause interest-rate hikes.
Weekly Update 5/26/2023: Inflation Trends Up
Key data was released this morning from the Bureau of Economic Analysis concerning the latest personal income and spending data.
Weekly Update 4/28/2023: Earnings Reporting Season Continues
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Weekly Update 04/14/2023: Economic Data Dominates Headlines
There were signs of cooling with annual wages rising at a slower pace and labor force participation rate edged up ever so slightly. All these items played a role in how consumers spend their money.
Weekly Update 3/31/2023: Inflation Cools in February; U.S. Consumer Confidence Remains High as Employment Remains Strong
A key gauge of US inflation cooled last month by more than expected and consumer spending stabilized, suggesting the Federal Reserve may be close to ending its most aggressive cycle of interest-rate hikes in decades. Excluding food and energy, the Fed’s preferred inflation gauge — the personal consumption expenditures price index — rose 0.3% in February after the prior month was revised down slightly.