U.S. Employment Rose by 261,000 Jobs in October

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…

By Tom Burnett CFA During the October 19, 2022, trading day, the major benchmark interest rates were trading at the highest level of the 2022 year. The Two-Year Treasury Note yielded 4.5%, while the Ten-Year Treasury Bond traded at 4.11%. At the end of 2021, the yield on the Ten-Year Bond was 1.51%.…

By Tom Burnett CFA On October 13, 2022, the Bureau of Labor Statistics released its report on the Consumer Price Index for the month of September. The Index rose 0.4%, following an increase of 0.1% in August and a flat reading in July. Over the past 12 months, the CPI has risen by 8.2%. The...