On July 29, 2026, the Federal Reserve Open Market Committee voted to maintain the Fed Funds range at 3.5-3.75%. The vote was 9-3, with three members voting to raise rates by ¼ point. The public statement was the first issued by Chairman Warsh and was shorter than previous examples issued under former…
By Tom Burnett CFA On July 14, 2026, the Bureau of Labor Statistics issued its CPI Report for June. The CPI fell by 0.4%, the largest monthly decline since April 2020. The CPI rose by 0.5% in May. Over the past year, the CPI is up 3.5%, after rising 4.2% in May. The Core rate,...
By Tom Burnett CFA On July 2, 2026, the Bureau of Labor Statistics issued its Employment Report for June. Total payrolls increased by 51,000. The unemployment rate is 4.2%, little changed over the past 12 months. The average payroll compensation rose by $0.13 to $37.64, up 3.5% a year ago. Revisions…
By Tom Burnett CFA On June 10, 2026, the Bureau of Labor Statistics issued its Consumer Price Index Report for May. The CPI rose 0.5% in May, after an increase of 0.6% in the prior month. The year-over-year increase was 4.2%. The Core Index, excluding food and energy, rose by 0.2% in May and by.…
By Tom Burnett CFA On June 5, 2026, the Bureau of Labor Statistics issued its Employment Report for May. Total employment rose by 172,000 from the previous month. The unemployment rate was 4.3%, little changed from April. The rate has been in a narrow range (4.3%-4.5%) since July 2025. The number…