Economy
Financial News for the Week of December 17, 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Evidence of accelerating price pressures continued to trickle in this week. Producer prices accelerated to 9.6% year-on-year in November. This was accompanied by an elevated share of small businesses raising…
Financial News for the Week of December 10, 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK • Consumer prices continued to accelerate in November. On year-on-year basis, headline CPI was up 6.8% (from 6.2% previously), the highest in nearly forty years in financial news. Core inflation (ex. food and…
Financial News for the Week of December 3, 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK • The ISM manufacturing index showed signs of easing supply chain conditions in financial news. Supplier delivery times shortened while production, employment and new orders indexes all increased. • This week’s…
Financial News for the Week of November 26, 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK • President Biden removed months of speculation by announcing his nomination of current Fed Chair Jerome Powell for a second term to head the Central Bank. He will be joined by Governor Brainard who the…
Financial News for the Week of November 19, 2021
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK • October retail sales rose a better-than-expected 1.7% on the month. Sales in volatile categories were up robustly, but sales in the control group also rose a strong 1.6%. Leading the charge on this front was a…
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…