Producer Prices Rose 0.2% in October

By Tom Burnett CFA On November 15, 2022, the Bureau of Labor Statistics released the Producer Price Index (“PPI”) for the month of October.  The PPI rose 0.2% in October, following an increase of 0.2% in September.  The PPI was unchanged in the month of August.  The largest monthly increase in…

By Tom Burnett CFA On November 10, 2022, the Bureau of Labor Statistics released the Consumer Price Index report for the month of October.  The CPI rose 0.4% in October, the same increase as in September.  Over the past 12 months, the Index rose by 7.7%. The 7.7% figure was  the smallest increase…

By Tom Burnett CFA On November 4, 2022, the Bureau of Labor Statistics released the employment data for the month of October.  Total nonfarm payroll employment rose by 261,000 in the month.  The unemployment rate rose from 3.5% in September to 3.7% with the number of unemployed workers rising  by…

Colleen Kelleher Sorrentino speaks to Preserving Generational Wealth in Advisor Perspectives

By Tom Burnett CFA On November 2, 2022, the Federal Reserve announced that it would raise the Fed Funds rate to a range of 3 ¾-4%. It was the fourth consecutive increase of 75 basis points. The Fed ‘s vote on this action was unanimous. The Statement suggests that ‘ongoing’ increases will be necessary…