Consumer Prices Rose 0.4% in December 2024

Consumer Prices Rose 0.4% in December 2024 By Tom Burnett CFA On January 15, 2025, the Bureau of Labor Statistics issued its Consumer Price Index report for December 2024. The Index increased by 0.4% in December, after rising 0.3% in November. The increase was the largest monthly figure since March 2024…

U.S. Economy Added 256,000 Jobs in December 2024 By Tom Burnett CFA On January 10, 2025, the Bureau of Labor Statistics issued its Employment Report for December 2024. Total employment grew by 256,000 jobs and the unemployment rate fell from 4.2% to 4.1%. Job seekers totaled 6.9 million, less than the…

Advisor Perspectives features an article by Colleen Kelleher Sorrentino and Stacey Mankoff on strategies for investing under the new administration. Read the full article here.

Federal Reserve Cuts Fed Funds Rate by One-Quarter Point By Tom Burnett CF On December 18, 2024, the Federal Reserve Open Market Committee (“FOMC”) lowered the Fed Funds rate to 4.25-.50%. In its announcement, the FOMC repeated its goal of returning inflation to the 2% level. The Fed will continue…

U.S. Consumer Prices Rose 0.3% in November 2024 By Tom Burnett CFA On December 11, 2024, the Bureau of Labor Statistics issued its Consumer Price Index report for November. The CPI rose 0.3% in the month, after increases of 0.2% in each of the four previous months. Over the past year, the CPI is up.…