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.
Weekly Update 08/09/2024: US Weekly Jobless Claims Provide Some Reassurance as Earnings Season Rolls On
Initial applications for US fell last week by the most in nearly a year, potentially alleviating some concerns that the labor market is cooling too fast following last week’s disappointing jobs report.
Weekly Update 07/26/24: Fed’s Preferred Price Gauge Continues to Trend in Right Direction
Existing-home sales in the US slumped to one of the slowest paces since 2010 in June, as sellers wait for mortgage rates to fall further, and buyers balk at stubbornly high prices.