U. S. Consumer Prices Rose 0.2% in September 2024

By Tom Burnett CFA On October 10, 2024, the Bureau of Labor Statistics issued its Consumer Price report for September. The CPI rose 0.2% in September, the same increase as in August and July. Over the past 12 months, the CPI increased by 2.4%, the smallest 12-month increase since February 2021. The Core…

By Tom Burnett CFA On October 4, 2024, the Bureau of Labor Statistics issued its Employment Report for September 2024. The economy added 254,000 jobs in September, well above the monthly average of 202,000 over the previous 12 months. The unemployment rate was 4.1%, unchanged from the prior month. The…

By Tom Burnett CFA On September 18, 2024, the Federal Open Market Committee (“FOMC”) voted to lower the Fed Funds rate by 50 basis points to a range of 4.75-5.0%. Of the 12 voting members, 11 voted in favor of the cut, one voted for a cut of 25 basis points. This action is the...

By Tom Burnett CFA On September 11, 2024, the Bureau of Labor Statistics issued its August Consumer Price Index report. The CPI rose 0.2% in August, the same increase as in July. Over the past 12 months, the CPI rose 2.5%, the smallest 12-month increase since February 2021. The Core Index, excluding…

By Tom Burnett CFA On September 6, 2024, the Bureau of Labor Statistics issued its Employment Report for August. Total employment increased by 142,000 from the prior month and now stands at 158.8 million. The unemployment rate fell from 4.3% to 4.2%, but is still higher than the 3.8% rate of one year…