By Tom Burnett CFA On April 19, 2022, the International Monetary Fund (“IMF”) lowered its estimates for global GDP growth from its projections made in January and last October. The new Report listed uncertainties from inflation and the Russian invasion of Ukraine as the primary reasons for the…
Colleen Kelleher Sorrentino shares a Market Update on the Impact of the Ukraine Crisis with Portfolio Summits RIA
By Tom Burnett CFA With help from the Research Department of the St. Louis Federal Reserve Bank, we will attempt to explain in broad outline form how the Fed manages its balance sheet assets and liabilities. The research materials from the St. Louis Fed are available on line for readers who would like…
By Tom Burnett CFA On April 13, 2022, the Bureau of Labor Statistics reported the Producer Price Index (“PPI”) for March. The PPI rose 1.4% for the month, following increases of 0.9% in February and 1.2% in January. For the 12 months ended March 2022, the PPI rose 11.2%, the highest figure since…
By Tom Burnett CFA On April 12, 2022, the Bureau of Labor Statistics announced the Consumer Price Index data for March. The Index rose 1.2% from the prior month and is now up 8.5% from a year earlier. The increase in February was 0.8% and the March figure was the highest since the 0.9% increase...