Financial News for the Week of July 16th 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Fed Chair Powell was in the hot seat as members of Congress peppered him with questions about what the Fed is doing about hot inflation. Core CPI inflation neared a 30-year high in June. Travel-related…
Financial News for the Week of June 18th 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The U.S. Federal Reserve continues to upgrade its outlook. And while Chairman Powell reiterated that the recent rise in inflation was transitory, he acknowledged that there was a risk that inflation could be…
Financial News for the Week of June 11th 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Consumer price inflation accelerated to 5.0% year-on-year (y/y) in May, once again coming in ahead of expectations. Soaring prices for used cars and trucks (up 30% y/y) were a major factor in higher inflation…
Financial News for the Week of June 4th 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Job growth picked up in May, with the economy adding 559k jobs and the unemployment rate falling to 5.8%. ISM indexes pointed to strong growth in manufacturing and services sectors in May, though supply…
Financial News for the Week of May 28th 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK First-quarter consumer spending growth was revised up to an even better 11.3% (annualized). Monthly data showed that nominal spending rose 0.5% in April, but inflation-adjusted (real) spending ticked down a…
Financial News for the Week of April 23, 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Without much noteworthy economic data this week, market sentiment soured on a leaked Biden administration proposal to raise the maximum tax rate on capital gains of high-income taxpayers. First quarter GDP data…
Financial News for the Week of April 16, 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Headline inflation jumped in March, but it’s too soon to sound the alarm. Economic slack is still high, inflation expectations benign, and the Fed unlikely to sit on the sidelines if they drift up……
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Financial News for the Week of April 9, 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK U.S. equities jumped early this week and continued to move higher over the course of it despite the prospect of higher corporate taxes announced by the Biden administration. A few dark spots in the short-term…
2020 Tax Filing Deadline for Individuals is Extended to May 17th
2020 Tax Filing Deadline for Individuals is Extended to May 17th But ask yourself whether there is any real benefit to waiting to file your taxes The U.S. Department of the Treasury is delaying the April 15th deadline to file and pay taxes until May…