by Keel Point | Aug 7, 2023 | Articles and Videos
The big news last week was signs of cooling, but resilient, labor markets. With the prior week’s positive second quarter GDP surprise, there is growing support for the idea that the Fed can achieve a “soft landing” for the U.S. economy and avoid a recession. Job...
by Keel Point | Jul 31, 2023 | Articles and Videos
The big news last week was the positive surprise in second quarter GDP growth being up 2.4% (annualized) with the Personal Consumption Expenditures inflation index continuing to fall. The Fed increased its policy rate by ¼% and stock markets closed higher. As...
by Keel Point | Jul 24, 2023 | Articles and Videos
The big news this week will be the Fed’s announcement Wednesday afternoon of its decision to raise interest rates another ¼%. Notwithstanding continuing concerns about a U.S. recession, the S&P 500 closed up last week up, and is up 18.6% this year. As the Fed...
by Keel Point | Jul 17, 2023 | Articles and Videos
The big economic news last week was Wednesday’s report of June’s CPI inflation showing larger than expected drops in both headline and core inflation rates. Headline CPI inflation fell to 3% for the last 12 months ending in June 2023, and core CPI increased by only...
