By Tom Burnett CFA On October 13, 2022, the Bureau of Labor Statistics released its report on the Consumer Price Index for the month of September. The Index rose 0.4%, following an increase of 0.1% in August and a flat reading in July. Over the past 12 months, the CPI has risen by 8.2%. The...
By Tom Burnett CFA On October 12, 2022, the Bureau of Labor Statistics released its report on Producer Prices for the month of September. The PPI rose 0.4% in September, after declines of 0.2% in August and 0.4% in July. The Index rose by 8.5% in the 12 months ending in September. The Index rose...
By Tom Burnett CFA On October 11, 2022, the International Monetary Fund (“IMF”) issued its latest ‘Global Prospects and Policies’ Report. The Report contains the latest projections for GDP growth in the major economic regions of the world. The Report also indicates the changes in the projections…
By Tom Burnett CFA On October 7, 2022, the Bureau of Labor Statistics announced the employment report for September. Total jobs rose by 263,000 for the month. U.S. employment now stands at 153.0 million, up from 147.8 million a year ago. At the Covid-19 low in 2020, total employment fell to 130 million…
By Tom Burnett CFA On September 21, 2022, the Federal Reserve voted to raise the Fed Funds target rate by 75 basis points. The new range is now 3 to 3.25%. The vote was unanimous. The Fed statement made it clear that the Board will continue to move rates higher until inflation comes back down...