IMF Lowers Global Growth Forecasts

By Tom Burnett CFA On July 26, 2022, the International Monetary Fund (“IMF”) issued a press release with updated forecasts for global GDP growth in 2022 and 2023. All data in this report are sourced from the IMF press release. The Report is sober and objective and its conclusions point to reduced…

By Tom Burnett CFA On July 14, 2022, the Bureau of Labor Statistics released the PPI (Producer Price Index) figures for the month of June.  All data in this article are taken from the BLS Press Release. The June PPI  increase was 1.1%. The PPI increases for May and April were 0.9% and 0.4% respectively…

By Tom Burnett CFA On July 13, 2022, the Bureau of Labor Statistics released its CPI report for the month of June.  All figures in this article are taken directly from the CPI report.  The CPI rose 1.3% in June, following a rise of 1.0% in May and an increase of 0.3% in April.  The...

By Tom Burnett CFA On July 8, 2022, the Bureau of Labor Statistics released the employment data for the month of June.  Total employment grew by 372,000 jobs, in line with the average increase of 383,000 for the prior three months.  The unemployment rate was unchanged from the previous month at 3.6%…

By Tom Burnett CFA The global pattern of rising interest rates has punished fixed income investors in 2022. Looking at data from the WSJ.com website, it is apparent that negative returns are the normal result for global fixed income investors.  Interest rates have risen in all major markets as central…