Weekly Update 3/17/2023: Markets Swing on Fed Odds and Bank Issues
Hard to believe but two weeks ago, most people outside the financial world did not know a certain California bank even existed.
Weekly Update March 10, 2023: U.S. Economy Created 311,000 Jobs in February; Labor Force Participation Increases & Wage Growth Rises at a Slower Pace
Fed Chair Jerome Powell spoke to the imbalance in testimony before the Senate on Tuesday, saying that the central bank could raise rates higher and potentially faster than previously thought should economic data continue to come in strong.
Weekly Update March 3, 2023: Interest Rates Rise on Sticky Underlying Inflation
A gauge of manufacturing improved for the first time in six months, though activity remained in contraction territory amid fragile demand and growing inflationary pressures. The Institute for Supply Management’s gauge of factory activity ticked up to 47.7 in February from the weakest print since May 2020.
Weekly Update 02/17/2023: Inflation Remains Sticky According to Latest CPI & PPI Reports
US consumer prices rose briskly at the start of the year, a sign of persistent inflationary pressures that could push the Federal Reserve to raise interest rates even higher than previously expected.
Weekly Update 2/10/2023: Fed Governors Speak
With the latest Federal Open Market Committee meeting now in the past, Fed governors are free to speak their minds on the economy and policy. At the Economic Club of Washington on Tuesday, Fed Chairman Jerome Powell did just that.
Weekly Update 2/3/2023: Fed Raises Benchmark Rate by 0.25%
As expected, the Federal Open Market Committee met this week and decided to boost its benchmark federal funds rate by 25 basis points (0.25%).