July Consumer Price Index Unchanged, Core Index Up 0.3%

By Tom Burnett CFA On August 10, 2022, the Bureau of Labor Statistics released the Consumer Price Index information for the month of July. The Index was unchanged in July, after rising 1.3% in June. The zero increase for July was the lowest monthly increase in the 2022 year thus far. The previous monthly…

By Tom Burnett CFA On August 5, 2022, the Bureau of Labor Statistics released its employment report for the month of July. Total nonfarm payroll employment rose by 528,000 jobs and the unemployment rate fell from 3.6% to 3.5%. The number of jobs has now risen by 22 million from the April 2020 low brought…

By Tom Burnett CFA In mid-day trading on August 1, 2022, the government bond market has rallied sharply bringing down interest rates in the Ten-year and 30-year segments (data supplied by WSJ.com). The yield on the Ten-year Treasury is now 2.61%, down from 2.93% last week. Similarly, the yield on the…

By Tom Burnett CFA On July 27, 2022, the Federal Reserve raised its base interest rate by 0.75%. The vote was unanimous. Most observers expected an increase in the Fed Funds rate of that amount. The new range is 2.25%-2.50%. The Fed’s announcement also emphasized that the balance sheet reductions will…

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…