Producer Prices Fell in March 2023

By Tom Burnett CFA On April 13, 2023, the Bureau of Labor Statistics released its March report on the Producer Price Index.  The PPI declined by 0.5% in March, after an unchanged reading for February.  The Index advanced 2.7% in the 12 months ending in March, the smallest increase since 2021.   …

By Tom Burnett CFA On April 11, 2023, the International Monetary Fund (“IMF”) issued its updated projections for the World Economic Outlook in 2023 and 2024.  The Outlook sees renewed progress in bringing down global inflation, but it has also reduced its expectations for global growth in 2023 and…

By Tom Burnett CFA On April  7 , 2023, the Bureau of Labor Statistics released its March 2023 Employment Report.  Total nonfarm payroll employment rose by 236,000 in March to a seasonally adjusted 155.6 million.    The number of  unemployed workers was unchanged at 5.8 million.  The unemployment…

By Colleen Kelleher Sorrentino Tax issues are an area most of us focus on once a year. However, if you are heading into retirement and you do not have a solid tax plan in place, you could be paying thousands of dollars in taxes needlessly.

By Tom Burnett CFA On March 22, 2023, the Federal Reserve raised the Fed Funds rate by 25 basis points to a range of 4.75%-5.0%.  The vote was unanimous among all 12 voting members.  In its press release, the Fed warned that additional “policy firming may be appropriate.”  The Fed is remaining…