Federal Reserve Signals That It Will Soon Be Raising Rates

By Tom Burnett CFA On January 26, 2022, the Federal Reserve Open Market Committee issued its Statement following its January meeting. The Fed decided to hold rates steady with target Fed Funds rate of 0-.25%, but indicated that “it will soon be appropriate to raise the target range for the Fed Funds…

By Tom Burnett CFA The latest edition of FACTSET (January 13, 2022) spells out the analyst consensus earnings estimates for the S/P 500 Index over the next two years. The forecast for 2021 is now $205, a strong 46.4% increase from the 2020 year when the Covid-19 outbreak first occurred. The surprising…

By Tom Burnett CFA On January 13, 2022, the Bureau of Labor Statistics announced Producer Price Index data for December 2021. The monthly increase was only 0.2%, following increases of 1.0% in November and 0.6% in October. The rate of increase for the full year, however, was 9.7%, the highest figure…

By Tom Burnett CFA On January 12, 2022, the World Bank issued its global growth forecast update, following its previous set of estimates issued in June 2021. The Bank issues two sets of forecasts in June and January of each year. The Bank now sees world GDP growth of 4.1% in 2022, down from its...

By Tom Burnett CFA On January 12, 2022, the Bureau of Labor Statistics released its Consumer Price Index information for the month of December. Prices rose by 0.5% in December, following larger increases of 0.9% in October and 0.8% in November. The Index rose by 7.0% in the 12 months ending in December…