By Tom Burnett CFA On November 9, 2021, the Bureau of Labor Statistics announced the PPI figures for the month of October. The PPI final demand Index rose by 0.6% in October, after an increase of 0.5% in September. The final demand index rose 8.6% in the 12 months ending in October. The main culprit…
By Tom Burnett CFA On November 5, 2021, the Bureau of Labor Statistics announced the employment numbers for October. Jobs increased by 531,000 from the prior month. Private sector growth of 604,000 led the way. The unemployment rate fell from 4.8% to 4.6%. There are now 7.4 million unemployed workers…
By Tom Burnett CFA On November 3, 2021, the Federal Reserve announced the results of its two-day meeting for the month. Importantly, the Fed made it clear that it sees the economy recovering sharply from the Covid-19 outbreak, and that inflation is now rising above the 2% annual rate that is the goal…
By Tom Burnett CFA On October 19, 2021, SIFMA (Securities Industry and Financial Markets Association) released its third quarter report on the overall structure of the global securities industry. The report has two main sections-equities and fixed income. We summarize several highlights from the…
By Tom Burnett CFA On October 13, 2021, the Bureau of Labor Statistics released its summary of consumer price inflation for the month of September. The overall increase was 0.4%, up from 0.3% in August, but down from the 0.5% increase in July. Over the last 12 months, the CPI has increased by 5.4%…