Finance  /  October 11, 2022

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…

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Finance  /  October 7, 2022

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…

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Finance  /  September 21, 2022

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...

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Finance  /  September 14, 2022

By Tom Burnett CFA On September 14, 2022, the Bureau of Labor Statistics released the Producer Price Index data for August. The PPI fell 0.1% in August, following a decrease of 0.4% in July and an increase of 1.0% in June (data from BLS press release.) In August, there was a 1.2% decline in the...

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Finance  /  September 13, 2022

By Tom Burnett CFA On September 13, 2022, the Bureau of Labor Statistics released consumer price information for the month of August. The CPI rose 0.1% in August after being unchanged in July (all data taken from the BLS press release). Over the past 12 months, the Index rose 8.3%, down from 8.5% in…

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