by Liz Ruggiero | Jul 28, 2023 | Consumer, Industry News, Latest News, Lead Story, National, News, Premier |
In the wake of the Federal Reserve ending its short-lived “pause” on rate hikes, the latest personal consumption expenditure (PCE) index—the Fed’s preferred inflation measurement—has shown continued cooling. The Commerce Department announced Friday that PCE...
by Liz Ruggiero | Jul 25, 2023 | Consumer, Industry News, Latest News, National, News, Premier |
Consumer confidence increased again, from 109.7 in June to 117 in July, according to the latest data from The Conference Board. This reading is the highest seen since July 2021. The Consumer Confidence Index details consumer attitudes, buying intentions, vacation...
by Aidan Whalen | Jul 12, 2023 | Industry News, Latest News, Lead Story, National, News, Premier |
The downward trajectory of U.S. inflation has held firm as the latest Consumer Price Index (CPI) released this morning provided further evidence that the Federal Reserve’s efforts to get the economy back on track are working. The U.S. Bureau of Labor...
by Liz Ruggiero | Jul 7, 2023 | Industry News, Latest News, National, News, Premier |
A labor market that for months seemingly shrugged off the Federal Reserve’s heavy hand finally appears to be slowing, as the latest report on jobs missed expectations with 209,000 new positions added in June. Economists and investors expected around 240,000. The...
by Liz Ruggiero | Jul 6, 2023 | Industry News, Latest News, National, News, Premier |
While the Federal Reserve delivered a reprieve from its interest rate hike campaign last month, the decision didn’t come lightly, as minutes from the most recent Fed meeting suggest that policymakers were divided on whether or not to continue raising rates. While Fed...