By Tom Burnett CFA On April 28, 2023, the Bureau of Economic Analysis announced that the PCE price index rose by 0.1% in March. The two previous readings were an increase of 0.6% in January and 0.3% in February. For the month, prices of goods decreased by 0.2% while prices for services rose by 0.2%.…
Safety of Client Asset Letter
By Tom Burnett CFA On April 13, 2023, the Bureau of Labor Statistics released its March report on the Producer Price Index. The PPI declined by 0.5% in March, after an unchanged reading for February. The Index advanced 2.7% in the 12 months ending in March, the smallest increase since 2021. …
By Tom Burnett CFA On April 11, 2023, the International Monetary Fund (“IMF”) issued its updated projections for the World Economic Outlook in 2023 and 2024. The Outlook sees renewed progress in bringing down global inflation, but it has also reduced its expectations for global growth in 2023 and…
By Tom Burnett CFA On April 7 , 2023, the Bureau of Labor Statistics released its March 2023 Employment Report. Total nonfarm payroll employment rose by 236,000 in March to a seasonally adjusted 155.6 million. The number of unemployed workers was unchanged at 5.8 million. The unemployment…