financial news
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…
Financial News for the Week of May 27th, 2022
Highlights The second estimate of U.S. GDP growth confirmed that the economy contracted in the first quarter of the year, pulling back by 1.5% relative to the 1.4% reported previously. The housing market continued to show signs of buyer wariness as…
Financial News for the Week of January 14, 2022
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Equity markets saw further losses this week, following more hawkish messaging from the Fed. Between Powell and Brainard’s confirmation hearings and other Fed speakers, the signals for a March rate hike are…
Financial News for the Week of January 7, 2022
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The U.S. economy kicked off the New Year with an unprecedented surge in COVID-19 cases. While a return to lockdowns is not expected, rising cases could lead to greater absenteeism, as workers self-isolate due…
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…
