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Financial News for the Week of May 13th, 2022
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK US retail sales rose by 0.9% m/m, while the control group grew by a stronger 1% m/m. Revisions to the month prior were also positive, suggesting Q1 spending ended the quarter on a firmer footing. Home sales…
Financial News for the Week of May 13th, 2022
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The consumer price index (CPI) report showed that both overall and core price pressures eased a touch in year-over-year terms in April. Overall inflation fell to 8.3% y/y from 8.5% in the month prior, while…
Financial News for the Week of May 6th, 2022
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The Fed raised the monetary policy rate by 50 basis points for the first time since 2000 and signaled more hikes of the same magnitude are in the works. The economy added more jobs than expected in April, but…
Financial News for the Week of April 29th, 2022
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK U.S. economic growth contracted in the first three months of 2022. Real GDP fell 1.4% due largely to a sizeable increase in the trade deficit. The U.S. goods trade deficit widened unexpectedly by almost 18% to…
Financial News for the Week of April 22nd, 2022
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK US yields continued to move higher this week, as Fed Chair Jerome Powell solidified the case for a 50-basis point rate hike at the Fed’s next meeting on May 4th. He also left the door open to additional 50 bps…
Financial News for the Week of April 15th, 2022
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Overall inflation as measured by the CPI accelerated to 8.5% year-over-year (y/y) in March, marking yet another multi-decade high. Core inflation, which excludes food and energy, ticked up a tenth of a…
Financial News for the Week of April 8th, 2022
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The first full week of the second quarter was sparse on economic data. The service sector showed signs of modest acceleration, while vehicle sales declined for the second consecutive month in March. The…
Financial News for the Week of April 1st, 2022
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Another solid jobs report showed that the U.S. economy added 431k jobs in March. Wage growth picked up and the unemployment rate fell 0.2 percentage points to 3.6%. President Biden presented a $5.8 trillion…
Financial News for the Week of March 25th, 2022
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK In a carefully crafted speech this week in D.C., Fed Chair Powell reaffirmed the Fed’s keenness for a more aggressive removal of monetary stimulus in order to restore price stability. Powell highlighted the…
Financial News for the Week of March 18th, 2022
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The U.S. Federal Reserve raised interest rates for the first time since 2018, and signaled it is prepared to raise rates substantially in order to contain inflation. Oil prices were down this week as renewed…