Personal Consumption Expenditures Price Index Rose 0.6% in January

By Tom Burnett CFA On February 24, 2023, the Bureau of Economic Analysis released its PCE price report for January. The PCE price indexes are the Federal Reserve’s main inflation data points. The PCE price index rose 0.6% in January, compared to a monthly increase of 0.2% in November and December.…

By Tom Burnett CFA On February 14, 2023, the Bureau of Labor Statistics released its monthly consumer price index report for January. The Index rose by 0.5% in January, following increases of 0.2% in November and 0.1% in December. Over the past 12 months, the Index rose by 6.4%, the smallest 12-month…

Kelleher Financial Advisors Newsletter January 2023 – Looking Back at 2022

By Tom Burnett CFA On February 3, 2023, the Bureau of Labor Statistics reported the employment data for January. Total employment rose by 517,000 jobs, compared with an average monthly gain of 401,000 in 2022. The unemployment rate fell slightly to 3.4%, the lowest level since 1969. Total employment…

By Tom Burnett CFA On February 1, 2023, the Federal Reserve formally raised the Fed Funds rate range by 25 basis points. The new range is 4.50-75%, the highest level since the Fed began raising rates in early 2022. The vote was unanimous among the voting members of the Open Market Committee. In its announcement…