Consumer confidence in the U.S. improved slightly in early September, with the University of Michigan’s index rising to 69, beating expectations. Inflation expectations have dropped for four consecutive months,
In July, the PCE Inflation Index rose by 2.5%, slightly below the forecasted 2.6% and up 0.2% from June. This slower-than-expected inflation may lead the Fed to consider lowering interest rates in September.
Donald Trump seems to keep bouncing back after every effort to bring him down, the indictments, the conviction. Why is that? When you check the polls to see what issues matter most to voters, inflation tops the list.
The producer price index released today shows a surge in wholesale prices, the highest in a year according to the Bureau of Labor Statistics, sparking concerns about inflationary pressures and broader implications.
Consumer confidence, out today, is at its lowest reading in 4 months. Confidence stands at 104.7 today compared to 104.8 in February.
The consumer sentiment report is out, showing a slight decline in February from the month before.
Producer prices came in higher than expected today, so did the consumers prices earlier this week. Producer prices show what producers pay to make goods, which ultimately affects consumers.
The monthly jobs report for December, released today, reveals that U.S. employers added 216,000 jobs last month, surpassing expectations of 170,000.
In the latest economic update, our GDP, encompassing all the goods and services we produce, increased by 4.9% in Q3 this year, revised down from the initial 5.2%.
The Federal Reserve decided to pause interest rate hikes for the second time in a row, keeping the federal funds rate within a range of 5.25% to 5.5%.