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Financial News for the Week of August 12th, 2022
Financial News Highlights The U.S. Senate passed a climate, healthcare, and tax bill known as the Inflation Reduction Act of 2022 earlier this week. The legislation is now off to the House of Representatives for a final vote later today where it…
Financial News for the Week of August 5th, 2022
Financial News Highlights The U.S. economy added a whopping 528k jobs in July, pushing employment above its pre-pandemic level. The unemployment rate also ticked lower, falling back to its pre-pandemic historical low of 3.5%. Sentiment indicators…
Financial News for the Week of July 29th, 2022
Financial News Highlights Highlights Real GDP declined for the second consecutive quarter in Q2, meeting one (narrow) criteria of a recession. The Federal Reserve delivered another supersized rate hike of 75bps this week, bringing the upper bound…
Financial News for the Week of July 22nd, 2022
Financial News Highlights June’s housing data showed another decline in activity as the effects of higher mortgage rates and stretched affordability impact the market. A strong labor market and tight inventories will support housing construction…
Financial News for the Week of July 15th, 2022
Financial News Highlights Market sentiment soured this week on stronger than expected CPI data and a weak start to corporate earnings season. US CPI accelerated in June, rising 1.3% m/m, pushing the year-ago measure to a new multidecade high of…
Financial News for the Week of July 8th, 2022
Financial News Highlights Recession calls increased this week, but the job market begged to differ. The U.S. added 372k jobs in June, keeping the unemployment rate at its historic low of 3.6% and amplifying fears about inflation. In contrast,…
Financial News for the Week of July 1st, 2022
Financial News Highlights Real personal consumption expenditures contracted in May, as consumers continue to tap excess savings. Indeed, in another sign that demand may be softening, core PCE inflation (that excludes food and energy) declined again…
Financial News for the Week of June 24, 2022
Financial News Highlights Existing home sales fell 3.4% in May, extending the losing streak to four months. The months’ supply of inventory recorded an uptick, rising to 2.6. This was up from 2.2 months in April and 2.5 months in May of last year.…
Financial News for the Week of June 10, 2022
Financial News Highlights U.S. CPI came in above expectations, with the headline reading reaching a new 40-year high. Core inflation also surprised with a broad-based acceleration. The U.S. trade deficit narrowed in April with both lower U.S.…
Financial News for the Week of June 3rd, 2022
Financial News Highlights The U.S. economy continued to add jobs in May, though at a slower pace than in the previous month. The unemployment rate held steady at 3.6% and the labor force participation rate edged up by 0.1 percentage point. Job…