1/21- Weekly Economic Highlights
Inflation continues to run well above the Fed’s longer-run target of around 2.0%. The Consumer Price Index (CPI) was up 7.0% year-over-year in December, versus up 6.8% year-over-year in November. Core CPI (CPI less food and energy) was up 5.5% year-over-year in December, versus up 4.9% in November.
1/14- Weekly Economic Highlights
Inflation continues to run well above the Fed’s longer-run target of around 2.0%. The Consumer Price Index (CPI) was up 7.0% year-over-year in December, versus up 6.8% year-over-year in November. Core CPI (CPI less food and energy) was up 5.5% year-over-year in December, versus up 4.9% in November.
1/7- Weekly Economic Highlights
Job growth slowed in December, with US nonfarm payroll growth of just 199,000 in the month versus the consensus forecast of 450,000, but the unemployment rate still declined to 3.9%, the lowest level since February 2020.
12/31- Weekly Economic Highlights
Inflation remains top of mind for financial market participants heading into the new year. The Personal Consumption Expenditures (PCE) index was up 5.7% year-over-year in November, according to data released last week. The Core PCE index, the Fed’s preferred inflation measure, was up 4.7% year-over-year last month.
12/17- Weekly Economic Highlights
The Federal Open Market Committee (FOMC) kept the fed funds target rate unchanged this week, in a range of 0.0%-0.25%, but announced plans to accelerate the pace of their tapering process. The Fed will reduce the magnitude of their monthly asset purchases by $30 billion in January, doubling the pace of the monthly reduction in asset purchases that began in November
12/10- Weekly Economic Highlights
Consumer price inflation remained elevated in November, in line with expectations. The Consumer Price Index (CPI) was up 6.8% year-over-year in November, versus up 6.2% year-over-year in October. Core CPI (CPI less food and energy) was up 4.9% year-over-year in November, versus up 4.6% in October.
12/3- Weekly Economic Highlights
Job growth was weaker than expected in November, but the unemployment rate still declined four tenths of a percent to 4.2%. We believe a variety of factors are keeping some workers out of the labor force, which has likely held back job growth despite strong demand from employers.
11/19- Weekly Economic Highlights
This week’s economic data was mostly favorable. Though high inflation, supply chain constraints, and the ongoing health crisis continue to impact the overall economy, recent data supports the view that economic growth has picked up in the current quarter.
11/12– Weekly Economic Highlights
The monthly nonfarm payrolls report was released this morning and the results were solid as the impact of the coronavirus delta variant to the economy continues to dissipate.
11/5– Weekly Economic Highlights
The monthly nonfarm payrolls report was released this morning and the results were solid as the impact of the coronavirus delta variant to the economy continues to dissipate.