U.S. Consumer Prices Rose 0.3% in November 2024

U.S. Consumer Prices Rose 0.3% in November 2024 By Tom Burnett CFA On December 11, 2024, the Bureau of Labor Statistics issued its Consumer Price Index report for November. The CPI rose 0.3% in the month, after increases of 0.2% in each of the four previous months. Over the past year, the CPI is up.…

Looking Back At 2024: By Neil Cataldi, Chief Investment Officer, Starboard Advisors, a Division of KFA.

U.S. Economy Added 227,000 Jobs in November 2024 By Tom Burnett CFA On December 6, 2024, the Bureau of Labor Statistics issued its Employment Report for November.  Job totals increased by 227,000, with an unemployment rate of 4.2%.  Job seekers were unchanged from the prior month at 7.1 million. …

Federal Reserve Cuts Fed Funds Rate by 25 Basis Points By Tom Burnett CFA On November 7, 2024, the Federal Open Market Committee issued its formal statement cutting the Fed Funds rate by one quarter of a point. The new range is now 4.50-75%.  The statement noted that the decision was unanimous among…

By Tom Burnett CFA On November 1, 2024, the Bureau of Labor Statistics issued its Employment Report for October.  Job totals rose by just 12,000, well below the prior 12-month average monthly increase of 194,000.  Two factors were responsible for the small increase—the recent hurricanes in the Southeast…